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Personal Finance (Not Investing) • Made a terrible mistake in contributing to megabackdoor-Roth, $7.3k went to Roth instead, messed taxes

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Yeah imo just file it as-is, since the alert is not stopping you. Leave the AA amount there.

I tried to break the tie between Alan and Neuro by mocking this up in TT and it didn't even squeak about the excess, even when I made one W2 show 40k D/AA - nothing!

That means it's not a tax filing issue. Ie without a 1099R you are doing nothing wrong. The question about following up with your 401k admin is completely separate. Probably Alan can explain the process (I'm most interested to hear how a pre-tax basis can would even tracked in a Roth)

btw you probably woulda gotten a 1099R code P this year already, since all this was from last year. Seems like they may not detect this w/o you bringing it up to them.
who should've sent this 1099R code-P this year? the employer-1?
I double-checked just now, on their workday page, they only give me a W-2. They never sent a 1099-R
There's no 1099 because you didn't get your excess returned.

Statistics: Posted by toddthebod — Tue Oct 15, 2024 10:04 pm — Replies 53 — Views 1528



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