Aftertax dollars (60 day rollover)
Good Afternoon
I am hoping for guidance on the following fact pattern:
FACTS:
401(k)participant recv’d two checks (made payable to him) (1) pre-tax and (2) aftertax (basis only)from his former employer.
Question
I know he can rollover the pre-tax dollars (check)#1 into a T-IRA.
Is he permitted to faciliate an indirect(60-day)rollover of the aftertax dollars (check #2) into a Roth IRA?
Thank you!
Permalink Submitted by Alan - IRA critic on Wed, 2013-08-14 23:17
Duplicate post.