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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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2 Replies
dmertz
Level 15

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.

JulieS
Employee Tax Expert

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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