Let’s say, for example, that I had a Roth 401K through a previous employer with $10K in contributions and $2K in earnings. I then roll that Roth 401K over to a Roth IRA account. If I withdraw $10K from the Roth IRA account, will I be penalized? How do you know whether or not you have been penalized on your tax return?
I have been reviewing the IRS site, particularly this chart, but I have not been able to find a definitive answer on whether or not Roth 401K contributions act similarly as Roth IRA contributions. Logic would tell me the answer is no, especially since my employer was matching my contributions.