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Does a rollover into a roth ira count as a contribution to the roth . trying to answer question for Turbo tax for Roth Ira 2019 contributions ?
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February 21, 2020
5:04 PM
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February 21, 2020
5:04 PM
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Does a rollover into a roth ira count as a contribution to the roth . trying to answer question for Turbo tax for Roth Ira 2019 contributions ?
No, it is not a regular contribution. Do not enter it anywhere under Deductions & Credits. Only enter the Form 1099-R and answer the follow-up questions to that entry.
February 21, 2020
5:18 PM
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Does a rollover into a roth ira count as a contribution to the roth . trying to answer question for Turbo tax for Roth Ira 2019 contributions ?
No, a rollover is not a contribution to an IRA, whether you are talking about a Roth or a Traditional IRA.
A contribution is made with after tax money from your funds to an IRA.
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February 21, 2020
5:21 PM
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