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Retirement tax questions
No, a rollover from a 401k to a Traditional IRA is not considered a contribution to the IRA. It is simply a rollover.
If you have received and entered the information from Form 1099-R reporting the distribution from the 401k, then that is all you need to do within your tax return. Be sure you answer any follow-up questions that may come up with regard to the distribution.
You do not go to the IRA section and enter the amount as a contribution. That section is only used when you personally make a contribution to an IRA.
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‎February 3, 2020
6:18 AM
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