turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

401k rollover to IRA and Roth IRA

I retired in Dec 2021 and I rolled over my former employer 401k to an IRA and Roth IRA in January 2022. I made the maximum contribution to the 401k in 2021.

Will I be able to contribute either the IRA or the Roth IRA when i complete my 2021 tax return?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MinhT1
Expert Alumni

401k rollover to IRA and Roth IRA

It depends on your 2021 MAGI (Modified Gross Adjusted income).

 

For traditional IRA, please see this IRS table.

 

For Roth-IRA, please see this IRS table.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies