Re: If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online cont...

If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online contributions to a Roth and an HSA, is this a rollover and/or conversion?

They are not the same investment companies, and it was a withdrawal to my checking account and then "reinvested."

posted

Yes, if they were deposited into the new accounts within the 60 day period. Note: You can only make one HSA rollover per lifetime.

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2024 Taxes still shows penalty for overfunded 2022 IRA contributions, despite being withdrawn and 1099-R with code 8J entered

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If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online contributions to a Roth and an HSA, is this a rollover and/or conversion?

If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online contributions to a Roth and an HSA, is this a rollover and/or conversion?

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If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online contributions to a Roth and an HSA, is this a rollover and/or conversion?

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If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online contributions to a Roth and an HSA, is this a rollover and/or conversion?

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