turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

hybonix
New Member

Does a direct distribution from a 401k plan/pension that is funded directly into a traditional IRA account count as an IRA contribution?

A traditional rollover IRA account was opened in November 2016 and a direct transfer was made from a 401k/pension plan.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Does a direct distribution from a 401k plan/pension that is funded directly into a traditional IRA account count as an IRA contribution?

No. That is not an IRA contribution. It is a rollover, not a contribution, and you do not record it as a contribution.

View solution in original post

1 Reply

Does a direct distribution from a 401k plan/pension that is funded directly into a traditional IRA account count as an IRA contribution?

No. That is not an IRA contribution. It is a rollover, not a contribution, and you do not record it as a contribution.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question