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Posted by Drew Edmundson on January 19, 2007, 1:20 am
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> To recap:
>
> That's:
> One vote for call a pro.
> One vote for I can't roll over the after-tax contributions to
> the IRA (and see a blog entry on the 14th that never
> materialized).
> Two votes for a) yes I can roll over the after-tax
> contributions to the IRA and yes I would report it on 8606
> line 2 or b) yes I can walk with it without tax consequence.
>
> I don't know whether that's a quorum, but I hear two votes
> that my original conclusions I came here to confirm are
> correct.
(1) See Section 402(a) for the rules for how the after tax
(and the taxable amounts for that matter) are handled.
(`2) See Section 402(c)(2) for the rule allowing the rollover of after
tax amounts from employer retirement plans to IRAs. This was added in
2001.
Those are the official rules. Your understanding agrees
with them.
--
Drew Edmundson, CPA
Cary, NC
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