I think I might have goofed. I withdrew 25K out of my employer 401(k) earlier this year for COVID reasons. I wanted to pay it back before year end to make sure I didn't have a tax requirement. So today I deposited the 25K into my personal Roth IRA as a rollover contribution. Now I'm worried that I just took that money from a tax deferred account to a post-tax account.
Is that going to end poorly for me at tax time? Should I transfer that money to a traditional IRA before year end?
Thanks.
Submitted December 16, 2020 at 10:45PM by chris886 https://ift.tt/3nvLlMK
