Profit Sharing Plan Rollover to Traditional IRA

[emdub612]

When I left my previous job, I rolled money from a profit sharing plan into a traditional IRA. I got a 1099-R at the end of the year and reported that on my tax return. It shows the gross distribution and then $0 as the taxable amount. When I move on to the Deductions & Credits section of Turbo Tax and it asks me the amount that I put into a traditional IRA, do I enter the amount that I rolled over?

[Anita01 · Accepted solution]

No, a rolled over amount is not a contribution.