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Pension plan dissolved, 100% of funds rolled over into traditional IRA, is this considered a “contribution” that needs to be reported?

 
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1 Reply
MinhT1
Employee Tax Expert

Pension plan dissolved, 100% of funds rolled over into traditional IRA, is this considered a “contribution” that needs to be reported?

If the funds were rolled over to a Traditional IRA, you should receive a form 1099-R from the pension administrator. You must enter this form 1099-R on your tax return. The rollover is not taxable.

 

A rollover is not a contribution.

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