No. Do not delete Form 1099-R from your income tax return. You need to show the IRS that you rolled over the amount into an IRA from a 403(b) plan.
Rollovers do not qualify for the Saver's Credit, only new contributions. A rollover is just moving money from one retirement plan to another.
Eligible contributions are:
- contributions you make to a traditional or Roth IRA,
- elective salary deferral contributions to a 401(k), 403(b), governmental 457(b), SARSEP, or SIMPLE plan,
- voluntary after-tax employee contributions made to a qualified retirement plan (including the federal Thrift Savings Plan) or 403(b) plan,
- contributions to a 501(c)(18)(D) plan, or
- contributions made to an ABLE account for which you are the designated beneficiary (beginning in 2018).
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