Personal Investments • Please Help with Back Door Roth Actions

… Proposed actions:
-Find out the amount of after-tax contribution and subtract that from the total balance. That amount stays in the TIRA….

Are the after-tax contributions from (1) after-tax TIRA contributions, or (2) from a rollover of after-tax 401k into the TIRA? If (1), your TIRA basis should be documented on your most recent Form 8606 + (assuming you filed your 2023 Federal tax return) 2024 after-tax TIRA contributions, if any.

Statistics: Posted by HomeStretch — Wed Apr 24, 2024 6:50 am — Replies 10 — Views 658

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