Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 14, 2022 7:13:59 AM

If I rolled over my TRS (teacher retirement) into a Traditional IRA, is that considered a "contribution" for 2021?

I am no longer teaching.

0 2 1256
2 Replies
Expert Alumni
Apr 14, 2022 7:28:15 AM

No,  you simply changed the name of the broker service you are holding it in.  It is not a contribution, and if you moved the entire amount it will not be taxable.

New Member
Apr 14, 2022 7:32:24 AM

Thank you so much! I really appreciate your help! I did move the full amount over.