this is the first time i did megabackdoor as roth-in conversion. on 1099 from fidelity, I see all after-tax as "distribution" and taxable amount as 0. is distribution expected evemln if I did not take any funds out ? for a tax noob like me, distribution occurs when I pull funds out of investments TIA
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This is right. You get a 1099-R acknowledging the transfer and with $0 taxable, it’s highlighting that your rollover was not a taxable event
The mega backdoor is after tax, hence backdoor
but is it Distribution though ?
What does your 1099-R box 7 say?