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New Member
posted Feb 1, 2023 5:10:34 PM

Can I count a roll over from a work retirement savings account into an IRA as an IRA contribution?

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2 Replies
Level 15
Feb 1, 2023 5:25:10 PM

No. A roll over and a contribution are two different things. 

Expert Alumni
Feb 1, 2023 5:26:42 PM

No. IRA contributions have to be a contribution of new money. A rollover from a 401(k) plan to an IRA is called a "rollover." It is not a contribution.