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taxmap/pubs/p560-018.htm#en_us_publink10009008

Qualified Roth Contribution Program(p18)


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Qualified Roth Contribution Program

Under this program an eligible employee can designate all or a portion of his or her elective deferrals as after-tax Roth contributions. Elective deferrals designated as Roth contributions must be maintained in a separate Roth account. However, unlike other elective deferrals, designated Roth contributions are not excluded from employees' gross income, but qualified distributions from a Roth account are excluded from employees' gross income.
taxmap/pubs/p560-018.htm#en_us_publink10009009

Elective Deferrals(p18)


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previous topic occurrence Elective Deferrals next topic occurrence

Under a qualified Roth contribution program, the amount of elective deferrals that an employee may designate as a Roth contribution is limited to the maximum amount of elective deferrals excludable from gross income for the year ($16,500 for 2009 and 2010, $22,000 if age 50 or over) less the total amount of the employee's elective deferrals not designated as Roth contributions.
Designated Roth deferrals are treated the same as pre-tax elective deferrals for most purposes, including:
taxmap/pubs/p560-018.htm#en_us_publink10009010

Qualified Distributions(p18)


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Qualified Distributions

A qualified distribution is a distribution that is made after the employee's nonexclusion period and:
An employee's nonexclusion period for a plan is the 5-tax-year period beginning with the earlier of the following tax years.
Since 2006 was the first year an employee could make designated Roth contributions, the earliest a qualified distribution can be made is January 1, 2011.
taxmap/pubs/p560-018.htm#en_us_publink1000135958

Rollover.(p18)


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A distribution from a designated Roth account can only be rolled over to another designated Roth account or a Roth IRA. Rollover amounts do not apply toward the annual deferral limit.
taxmap/pubs/p560-018.htm#en_us_publink10009011

Reporting Requirements(p18)


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You must report a contribution to a Roth account on Form W-2 and a distribution from a Roth account on Form 1099-R. See the Form W-2 and 1099-R instructions for detailed information.