No, i have an existing Rollover IRA. It is not traditional or Roth.
My investment account tells me I can contribute up to 7K to it for 2020 tax year. I want to take 7K from savings and contribute that. When i put that 7K in as a contribution on my return, it then goes from $0 due to over $1,000 due. My AGI is $5 since we only have 2 SSA incomes. Does that help?
