Mixed traditional and roth 401k both rolled into TIRA
In January of 2021 I rolled over mixed pre/post-tax funds into an ETRADE “Rollover IRA,” which is a TIRA.
Since then, I have invested/traded the funds as one sum.
I realized the mistake and have been consulting with ETRADE.
ETRADE suggests splitting the *original* amounts appropriately into the correct accounts: one Roth IRA and one TIRA.
Is it possible to move the funds along with their gains into the correct accounts? How do I go about calculating which gains go into which accounts? Assuming this is all done correctly, are there additional tax forms/implications?
Permalink Submitted by Tyler Flynn on Tue, 2022-02-15 21:56
Alternatively, since this happened in tax year 2021, can I “convert” the traditional funds to roth and move everything to a Roth IRA?