These solo 401k guides are handy for understanding how the solo 401k contribution rules work as well as the rules for processing conversions of voluntary after-tax funds.
Solo 401k Contribution Guides-Deep Dive
- Slides: Sole Proprietorship, Single-member LLC or 1099 Independent Contractor
- Video: https://youtu.be/2TK_XmY-qc8
- Slides: S-corporations, C-corporations, LLC taxed as S-corp./C-corp., W2
- Video: https://youtu.be/LZHzeb-WhME
Mega Backdoor Roth Solo 401k Guides- Deep Dive
- Slides: Partnerships, LLC taxed as Partnership, Form 1065 Schedule K-1
- Video: https://youtu.be/of2J5e81pyM
- Slides: S-corporations, C-Corporations and LLC taxed as S-corporation
- Video: https://youtu.be/pRjTkZD5n8k
- Slides: Sole Proprietors, LLC taxed as Sole Proprietorship, Independent Contractors
- Video: https://youtu.be/qACxKuy8tGc
Conversions Limit QUESTION:
In short, no. You may be thinking about the 60-day rollover rule that applies to IRAs. A conversion of voluntary after-tax solo 401k funds to a Roth IRA or a Roth Solo 401k is not considered a rollover but rather a conversion; therefore, you can process multiple conversions.
Who Fills out the Conversion Form QUESTION:
While we will issue the Form 1099-R to report the total amount of funds converted from the after-tax solo 401k to a Roth IRA or to a Roth Solo 401k, you will need to fill out the applicable on-line conversion form listed in the forms section of our website. Click here to view the forms.
When do I Let You Know QUESTION:
We will know each time you fill out one of the online conversion forms located here.