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Does Rollover Count as Distribution

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

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1 Best answer

Accepted Solutions
AnnetteB6
Employee Tax Expert

Does Rollover Count as Distribution

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.  

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2 Replies
AnnetteB6
Employee Tax Expert

Does Rollover Count as Distribution

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
dmertz
Level 15

Does Rollover Count as Distribution

You would also need to include any nontaxable amounts distributed and not rolled over, such as nontaxable amounts distributed from a Roth IRA.

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