- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
A new contribution is a new contribution. Do not report that it was a rollover or a return of a previous withdrawal, or anything else.
You can only make new contributions to your IRA if you or your spouse have compensation from working. Compensation generally means, box 1 W-2 wages, or self-employment income on schedule C, although there are a few minor additional items.
March 18, 2023
9:24 AM