Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

33
Posts
12
Votes
Jim P.
  • Investor
  • Austin, TX
12
Votes |
33
Posts

Transfer of nondeductible IRA funds to a solo 401k

Jim P.
  • Investor
  • Austin, TX
Posted

I have a Traditional IRA that includes some contributions during years when the contribution wasn't tax-deductible because I or my wife had 401k accounts.

Last year I did a rollover of the entire Traditional IRA into my Solo 401k, and then did an in-plan rollover of my entire Solo 401k into a separate Roth-designated Solo 401k account.

I'm trying to figure out how to get TurboTax to understand that part of that in-plan Roth rollover shouldn't be taxed because some of the original Traditional IRA money was already taxed (and I haven't yet submitted the 1099-R for that rollover, so I need to do that).

Then I came across this...

https://www.mysolo401k.net/nondeductible-ira-contr...

That article claims that you can't actually rollover nondeductible traditional IRA funds into a Solo 401k at all. Is that true?? I can't find any other source confirming that. If that is true, what am I supposed to do now?

Loading replies...