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Get your taxes done using TurboTax
No. As long as you are income eligible, a rollover should not affect your contribution. You stated code G, not H. Code G specifically states not to use Code G for a direct rollover from a designated Roth to a Roth. See page 16 of 1099-R instructions. I suggest you get a corrected form with code H, if that is accurate. Otherwise, perhaps something else is going on?
See Roth IRA contributions for more information.
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‎February 15, 2021
1:51 PM