Generally, tax-deferred assets are rolled over into a traditional/tax-deferred IRA while Roth assets are rolled over into a Roth IRA. However, you may elect to roll over your tax-deferred assets to a Roth IRA and claim the rollover amount as taxable income for the year of the rollover, effectively converting your pre-tax assets to Roth assets. You may not rollover Roth assets in your retirement account to a traditional/tax-deferred IRA.
Can I rollover my pre-tax and Roth dollars into one IRA? Print
Modified on: Thu, 4 Jun, 2020 at 12:42 AM
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