after tax distrib to new roth
Can I put the total (above 5000)of a 07 after tax distribution into a new roth not yet established befor 4/15/08
Can I put the total (above 5000)of a 07 after tax distribution into a new roth not yet established befor 4/15/08
Permalink Submitted by Edward Czapor on Wed, 2008-03-12 17:34
If you qualify to make a Roth contribution, it does not matter what the source of the funds may be.
Ed C
Permalink Submitted by Alan Spross on Wed, 2008-03-12 19:54
It sounds like you are contemplating some form of rollover if the amount is over $5,000, and in that event the source of the funds could have an affect. However, since the 60 days has been exceeded for a 2007 distribution, this would be a moot point unless you are also subject to circumstances where the IRS has granted exceptions to the 60 day deadline.