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Financial Planning / Tax Strategies
|Subject: Re: 401k R/O or Trf: After-Tax Contributions||Date: 4/28/2001 11:07 AM|
|Author: pmarti||Number: 50665 of 124777|
However, with respect to the post-tax contributions, they may not be so transferred or rolled over. In this case, is it permissible to deposit them into a post-tax (i.e., non-deductible) IRA?
No. You have to take a cash distribution of your post-tax contributions. You pay no tax or penalty since, as you note, you've already been taxed on the income.
See Publications 575 and 590.
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