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IRA contributions

My total 2016 IRA contributions will NOT include my rollover contribution from a previous employer, correct?
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Accepted Solutions

IRA contributions

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.*

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1 Reply

IRA contributions

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.*
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