Andrew_W
Employee Tax Expert

Get your taxes done using TurboTax

Hi @YIJIAN1,

 

IRA rollovers generally do not count against your IRA contribution limits, they are treated as rollover contributions and are reconciled separately on Form 5498.

 

For 2023, you can contribute up to $6,500 (or $7,500 if over age 50) to an IRA.

 

Additional information about form 5498 for reference: https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-irs-form-5498-ira-contributions-i... 

 

 

 

 

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