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Is a rollover from 401k to IRA deductible?
I left my job and as a result, the money in my 401k was rolled over to an IRA. I did not make any contributions to the account after the rollover. Is the rollover deductible?
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May 31, 2019
8:07 PM
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Retirement tax questions
No,
it is not deductible, nor is it taxable if you rolled it over properly.
If it was:
- done within 60 days
- or Trustee-to-trustee
- or Direct rollover
Here is more information:
May 31, 2019
8:07 PM