IN-SERVICE ROLLOVERS OF 401K TO ROTH IRA Submitted by Thomas Corley, CPA, MS TAX on Wed, 2008-12-03 15:52 IF YOUR 401K PLAN PERMITS IN-SERVICE ROLLOVERS, CAN YOU DO AN IN-SERVICE ROLLOVER TO A ROTH IRA? Flag as spam
Permalink Submitted by Denise Appleby on Fri, 2008-12-05 05:46
[quote=”[email protected]“]IF YOUR 401K PLAN PERMITS IN-SERVICE ROLLOVERS, CAN YOU DO AN IN-SERVICE ROLLOVER TO A ROTH IRA?[/quote]
Yes, providing the withdrawal is [url=http://www.retirementdictionary.com/Eligible-rollover-distribution2.htm%5D…. The rollover would be treated as a conversion and as ordinary income for the year it occurs.