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Jesse has $702,000 accumulated in the 401 (k) plan. The balance consists of deferrals, employer matching contributions, earnings, and profit-sharing contributions. Jesse also has an
Jesse has $702,000 accumulated in the 401 (k) plan. The balance consists of deferrals, employer matching contributions, earnings, and profit-sharing contributions. Jesse also has an NOL carryover on his personal return from another business investment. Discuss whether Jesse can execute an in-plan Roth rollover and the tax implications.
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