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Level 1
June 1, 2019
Solved

IRA contributions

  • June 1, 2019
  • 1 reply
  • 5 views
My total 2016 IRA contributions will NOT include my rollover contribution from a previous employer, correct?
Best answer by SteamTrain

Correct...IRA contributions are only new out-of-pocket contributions you make during 2016.

Funds rolled over to an IRA account are handled during the followup interview when you enter the 1099-R from that particular rollover.

1 reply

SteamTrain
Level 15
June 1, 2019

Correct...IRA contributions are only new out-of-pocket contributions you make during 2016.

Funds rolled over to an IRA account are handled during the followup interview when you enter the 1099-R from that particular rollover.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*