Reply To: Reverse rollover – IRA to 401k question

Home Fairmark Forum Retirement Savings and Benefits Reverse rollover – IRA to 401k question Reply To: Reverse rollover – IRA to 401k question

#14432
teebone2000
Participant

Thanks for the reply Alan. Sorry I may not be fully understanding my options. With respect to your statement:

“Because the 401k cannot accept IRA basis, there is a rule that states that the first dollars rolled into the plan are deemed to be the pre tax balance of all your IRAs. The remaining IRA basis still in your IRA can then be converted to Roth tax free.”

Are you suggesting that my only option is to convert to a roth subject to the pro-rata rule prior to rolling the IRA value into my 401k?

Thanks in advance