Solved: Is a rollover from 401k to IRA deductible?
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Is a rollover from 401k to IRA deductible?

I left my job and as a result, the money in my 401k was rolled over to an IRA. I did not make any contributions to the account after the rollover. Is the rollover deductible?
1 Best answer

Accepted Solutions
Level 4

Is a rollover from 401k to IRA deductible?

No,

it is not deductible, nor is it taxable if you rolled it over properly.

If it was:

  • done within 60 days
  • or Trustee-to-trustee
  • or Direct rollover

Here is more information:


https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-...


View solution in original post

1 Reply
Level 4

Is a rollover from 401k to IRA deductible?

No,

it is not deductible, nor is it taxable if you rolled it over properly.

If it was:

  • done within 60 days
  • or Trustee-to-trustee
  • or Direct rollover

Here is more information:


https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-...


View solution in original post

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