If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qualified IRA can you still take the Retirement Savings Contribution credit?

harley03rider22 · ‎February 10, 2022

Bsch4477 · ‎February 10, 2022

No. Only contributions count.

MinhT1 · ‎February 10, 2022

No. A rollover does not count as a contribution and does not make you eligible for the Retirement Savings Contribution credit.

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harley03rider22 · ‎February 10, 2022

There was new contributions made in 2021 to a new employer qualifying 401K so does that make you eligible for the Retirement Savings Credit if you had roll over distributions in past years?

dmertz · ‎February 10, 2022

The rollover has no bearing on your eligibility for this credit.

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If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qualified IRA can you still take the Retirement Savings Contribution credit?