Is there a deduction when you move one IRA to another IRA in a different financial institution?
No. Moving an IRA by trustee-to-trustee transfer or by distribution and rollover is not a new contribution. Only new regular contributions are potentially eligible for a deduction.
Is there a deduction when you move one IRA to another IRA in a different financial institution?
No. Moving an IRA by trustee-to-trustee transfer or by distribution and rollover is not a new contribution. Only new regular contributions are potentially eligible for a deduction.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.