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IRS Employee Plans News, December 23, 2014: Rollovers of After-Tax Contributions in Retirement Plans
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
Dec. 24, 2014
"The Service has received a number of questions following the issuance of Notice 2014-54. The following FAQs are provided to assist taxpayers in applying the notice. [1] Can I roll over just the after-tax amounts in my account to a Roth IRA and leave the remaining amounts in the plan (i.e., take a partial distribution of just the after-tax amounts)? No.... [2] I want to roll over my after-tax contributions to a Roth IRA and roll over earnings on my after-tax contributions to a traditional IRA. Can I do that? Yes...."

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