Personal Finance (Not Investing) • Post - Tax IRA rollover to Roth IRA

Hello all! I've been a lurking for a while, and this is my first post.

I have a tax question. I recently retired and completed a 60-day rollover of my 401(k) into IRAs. Some of my 401(k) rollover was traditional tax-deferred. The rest of the 401(k) was designated as "Roth" and was rolled over into a Roth IRA. However, a small portion of my traditional, tax-deferred, rollover was actually post-tax excess contributions that ended up in my tIRA. I transferred that amount of post-tax excess contributions to my Roth IRA. My question is how do I keep this transfer from looking like a Roth conversion that I have to pay taxes on? How do I handle that on my taxes? Thanks in advance!

Please clarify what "excess contributions" refers to. If these were simply after tax contributions in your pre tax 401k account they were eligible for rollover but should have been rolled to your Roth IRA directly rather than into your TIRA. But if they were actually excess contributions in your 401k, those amounts would not be eligible for rollover at all.

Statistics: Posted by Geologist — Thu Mar 07, 2024 6:42 pm — Replies 4 — Views 152