No, it is not a contribution. Contributions are very limited, $$-wise, as to how much can be "Contributed"..... A direct-transfer, or a rollover from a TSP account to an IRA is not $$-limited.
IF a 1099-R is issued for that transfer, you enter it as a distribution in the software, and the follow-up questions vary depending on exactly what codes are in box 7.
IF box 7 contains a letter "G", that indicates a direct-transfer, and you just need to indicate in the follow-up questions whether it went into any kind of ROTH account...if it didn't go into a ROTH account, then a Traditional IRA is assumed.
IF box 7 is some other number, then they issued a check, and in the follow-up questions you need to indicate that it went into another retirement account, and then exactly how much went into the IRA (because some people keep some of the $$ and don't put it all back into the IRA, and also any withholding kept on distribution did not end up in the new IRA unless YOU made up the difference)
No, it is not a contribution. Contributions are very limited, $$-wise, as to how much can be "Contributed"..... A direct-transfer, or a rollover from a TSP account to an IRA is not $$-limited.
IF a 1099-R is issued for that transfer, you enter it as a distribution in the software, and the follow-up questions vary depending on exactly what codes are in box 7.
IF box 7 contains a letter "G", that indicates a direct-transfer, and you just need to indicate in the follow-up questions whether it went into any kind of ROTH account...if it didn't go into a ROTH account, then a Traditional IRA is assumed.
IF box 7 is some other number, then they issued a check, and in the follow-up questions you need to indicate that it went into another retirement account, and then exactly how much went into the IRA (because some people keep some of the $$ and don't put it all back into the IRA, and also any withholding kept on distribution did not end up in the new IRA unless YOU made up the difference)