Are there consequences if I have a balance in my pre-tax 401k account when I rollover my after-tax contributions to Roth?
I’m getting conflicting information that suggests this would be treated the same as Roth IRA conversions. For example, I’d have to include some of the pre-tax contributions in the conversion based on the pro-rata balances at the time of the conversion. This would mean some of the conversion would be recognized as taxable income.