1660266
You'll need to sign in or create an account to connect with an expert.
No, your rollover is not considered a contribution so you will not enter it as a contribution. You will enter the 1099-R received from the 401(k) sponsor that shows the rollover.
Also, do not include your SEP contribution in the regular IRA contribution section of the program. You will enter this in the self-employed income and expense section of the program under Other Business Situations, and then Self-Employed Retirement Plans.
A rolled over 401K is not a contribution so you don't enter that amount as a contribution on your tax return. If you received a 1099-R for the rollover, you must enter it on your tax return and indicate how much of it was rolled over.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lkljunky
Returning Member
likesky1010
Level 3
deedso57
New Member
SterlingSoul
New Member
michaelmoran
New Member