IRA contributions

bingham_02 · ‎May 31, 2019

My total 2016 IRA contributions will NOT include my rollover contribution from a previous employer, correct?

SteamTrain · ‎May 31, 2019

Correct...IRA contributions are only new out-of-pocket contributions you make during 2016.

Funds rolled over to an IRA account are handled during the followup interview when you enter the 1099-R from that particular rollover.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

SteamTrain · ‎May 31, 2019

Correct...IRA contributions are only new out-of-pocket contributions you make during 2016.

Funds rolled over to an IRA account are handled during the followup interview when you enter the 1099-R from that particular rollover.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Do you have an Intuit account?