New Roth 401(k) After Tax - What to do with previous contribs?

GaryPRussell
GaryPRussell Quicken Windows Subscription Member ✭✭
edited May 2023 in Registers & Transactions (Windows)
I see there is a new feature to characterize after tax deductions as Roth contributions.

Is there something we can do to re-characterize (hopefully the total) of previous after tax contributions that actually went into the Roth source?

Answers

  • Patrick Hasenjager
    Patrick Hasenjager Quicken Mac Subscription Member ✭✭✭

    I went back and manually updated each paycheck transaction, but I only recently started doing Roth 401(k), so it was fairly easy.

  • GaryPRussell
    GaryPRussell Quicken Windows Subscription Member ✭✭
    > @Patrick Hasenjager said:
    > I went back and manually updated each paycheck transaction, but I only recently started doing Roth 401(k), so it was fairly easy.

    Yes; I don't mind doing that for this year's paychecks, but my question really relates to older ones; I have been doing it since 2019 and I have archived some of those years, so I can't go back (and really don't want to for 100+ paychecks).

    I know from my account what my total AT Roth Tax contributions are so it would be nice if I could just create a journal transaction, or whatever, to recharacterize that amount in the 401k as Roth.
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