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jmarti04
New Member

I rolled over money from my pension to a traditional IRA and then converted a portion to a Roth IRA. Am I still qualified for full Retirement savings contribution credit?

Retirement savings contribution credit: I rolled over money from my pension to a traditional IRA. Then I converted a portion to a Roth IRA. Even though these two events count as “distributions,” I believe I am still qualified for this credit.  I read the instructions for and filled out form 8880. Turbotax doesn’t differentiate between a regular cash distribution and a rollover/conversion when it checks credit validity. Please confirm I am allowed to use this credit in my situation.
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dmertz
Level 15

I rolled over money from my pension to a traditional IRA and then converted a portion to a Roth IRA. Am I still qualified for full Retirement savings contribution credit?

With regard to TurboTax asking, "Did you receive any distributions from a retirement plan after 2014?," do not include amounts rolled over or amounts converted to Roth.

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dmertz
Level 15

I rolled over money from my pension to a traditional IRA and then converted a portion to a Roth IRA. Am I still qualified for full Retirement savings contribution credit?

With regard to TurboTax asking, "Did you receive any distributions from a retirement plan after 2014?," do not include amounts rolled over or amounts converted to Roth.

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