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I f I had a rollover from a 401k plan to my Roth IRA and my Traditional IRA does that count as a contribution ?

 
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4 Replies

I f I had a rollover from a 401k plan to my Roth IRA and my Traditional IRA does that count as a contribution ?

401k to Roth IRA is a conversion, not a rollover. It's technically not a contribution but similar.

I f I had a rollover from a 401k plan to my Roth IRA and my Traditional IRA does that count as a contribution ?

401k to Traditional IRA is not a contribution.
KarenJ
Intuit Alumni

I f I had a rollover from a 401k plan to my Roth IRA and my Traditional IRA does that count as a contribution ?

A rollover is not considered a contribution.

A rollover is not considered a contribution. They are two different things.

[Edited 02.13.18 /11.:30 am]

KarenJ
Intuit Alumni

I f I had a rollover from a 401k plan to my Roth IRA and my Traditional IRA does that count as a contribution ?

A rollover is not considered a contribuiton

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