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Is a rollover to a traditonal IRA deductible

how much of a rollover is a traditional IRA deductible?
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2 Replies
MinhT1
Employee Tax Expert

Is a rollover to a traditonal IRA deductible

No.

 

A rollover from a qualified retirement plan (such as a 401(k) plan) to a Traditional IRA is not taxable, but it is not deductible.

 

Only eligible new contributions can be deductible.

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Is a rollover to a traditonal IRA deductible

What did you roll it from?  You only enter it from the 1099R.  It is not a new contribution so don't enter it under Deductions and Credits.  

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