How do I keep track of the cost basis in an IRA into which I rolled over both pre-tax and after-tax contributions to my employers 401K plan?
You should complete Part I of IRS Form 8606 and treat the rollover of the after-tax contributions as if it was a nondeductible contribution to an IRA. Completion of this section of the form will establish your cost basis in the IRA. Just make a note on the form that you are reporting an after-tax pension rollover.
Related Questions
- How do I keep track of the cost basis in an IRA into which I rolled over both pre-tax and after-tax contributions I made to my employers 401K plan?
- How do I keep track of the cost basis in an IRA into which I rolled over both pre-tax and after-tax contributions to my employers 401K plan?
- Are there any "benefits" that an employer is not allowed to take credit for when calculating supplemental benefit cost and contributions?
