I received dividends from an IRA as a distribution in 2016. Following the prompts in turbotax it is telling me that it is ok to also contribute up to 6000 into an IRA this year. I am confused about if this is correct or if I have somehow duped my program into letting me do something incorrect.
As long as you have earned income you can continue to contribute to a traditional IRA until the age of 70.5 or when you are required to take RMDs. And yes, you can have both, a contribution and a distribution. These are separate events.
How much can contribute depends on several factors, such as your earned income, whether you have a spouse with a retirement plan at work, etc. See the IRS link below.
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