Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 1:28:21 PM

Cash balance earned thru my employer I rolled over to a ira1099 total distribution buy a G in box 7.do I have to now include these funds as a contribution to a IRA too.

0 1 378
1 Best answer
Level 15
Jun 1, 2019 1:28:22 PM

No a rollover is not a contribution to an IRA and does not get entered there.

A contribution is only new money (non-rollover money).

1 Replies
Level 15
Jun 1, 2019 1:28:22 PM

No a rollover is not a contribution to an IRA and does not get entered there.

A contribution is only new money (non-rollover money).