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Old 01-27-2014, 05:34 PM
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Loss on conversion from after-tax 401K to Roth IRA

Hi. I have just started making contributions to my after-tax 401K account with my employer. I plan to convert these after-401K assets to Roth IRA. I know that I’ll be subject to tax only on “earnings” for these conversions. What would be the tax consequences if I made loss(es) rather than gains during the conversion these assets? For example, is this something that I can carry forward as a capital loss and declare as a deduction from income tax? Thank you for your help.



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