dmertz
Level 15

Retirement tax questions

There are no limits on rollover contributions  (box 2 on the Form 5498).  The annual and MAGI limitations only applies to regular contributions (box 1).  Of course to be a rollover the funds had to come from a qualified account.  Nothing prohibits you from rolling over to a Roth IRA any from your traditional 401(k) account that is not a required minimum distribution.  The code-G Form 1099-R indicates that no RMD is involved.

 

(There used to be AGI limitations on Roth conversions, but that limitation was eliminated for tax year 2010 and beyond.)