I transferred more than $7,000 from an employer Roth to a Roth IRA, and then withdrew from the Roth IRA less than $7,000. Did I have excess Roth IRA contributions?

It seems like my rollover from my employer Roth to the Roth IRA exceeded the $7,000 limit. Not sure if this counts as a contribution though or just a rollover.

posted

No, you do not have an excess contribution- rollovers from another retirement account generally do not count as a contribution.

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401k Rollover to my Roth IRA - Mistakenly rolled over employer contributions into the ROTH and received a 1099-R with G code with a 15,000 taxable amount - what can i do?

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I transferred more than $7,000 from an employer Roth to a Roth IRA, and then withdrew from the Roth IRA less than $7,000. Did I have excess Roth IRA contributions?

I transferred more than $7,000 from an employer Roth to a Roth IRA, and then withdrew from the Roth IRA less than $7,000. Did I have excess Roth IRA contributions?

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I transferred more than $7,000 from an employer Roth to a Roth IRA, and then withdrew from the Roth IRA less than $7,000. Did I have excess Roth IRA contributions?

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I transferred more than $7,000 from an employer Roth to a Roth IRA, and then withdrew from the Roth IRA less than $7,000. Did I have excess Roth IRA contributions?

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