Oops! Roth 401K contribution reported in CSS Profile for Tax Deferred RetirementPlans

BelknapPoint
Wed, 07 Oct 2020 15:24:59 +0000

A contribution to a Roth account is different than the current balance in a Roth account. I think the current balance in a Roth account should be grouped and reported with other qualified retirement accounts, even though a Roth account is not technically “tax-deferred.” For the 2021-2022 Profile that uses 2019 income and tax information, a 2019 Roth contribution will generally be included in the AGI figure reported for 2019.

A past CC thread on the same subject here: