If I rolled over my work IRA to a personal IRA after retirement,is that considered a Contribution
?
form 1099-R has Total Distribution checked
021221
2 Replies
BillM223
Expert Alumni
Mar 15, 2024 1:05:22 PM
It is a distribution. If you put the distribution into the other IRA within 60 days, it is considered a rollover. It is not a contribution to the new IRA.
In any case, it is a non-taxable event.
DoninGA
Level 15
Mar 15, 2024 1:06:07 PM
No, the rollover from one tax deferred retirement plan to another tax deferred retirement plan is not a contribution.