Hi! I'm in the section of Saver's Credit, and it asks if I received a Distribution and how much. I don't know how to answer because I received a Distribution, but it was a rollover that went straight from my 401K to my Traditional IRA. Do I need to enter that?
Thank you so much!!
Apryl
021814
1 Best answer
AnnetteB6
Employee Tax Expert
Feb 8, 2025 11:40:47 AM
No, you do not need to enter the amount of your distribution from your 401k to a Traditional IRA.
You would only include any taxable distributions that you may have had.
2 Replies
AnnetteB6
Employee Tax Expert
Feb 8, 2025 11:40:47 AM
No, you do not need to enter the amount of your distribution from your 401k to a Traditional IRA.
You would only include any taxable distributions that you may have had.
dmertz
Level 15
Feb 8, 2025 1:17:21 PM
You would also need to include any nontaxable amounts distributed and not rolled over, such as nontaxable amounts distributed from a Roth IRA.