This increases MAGI above deductible limits ($118k) for any IRA Contribution for 2016. On 1099-R, Box 2a is blank, 2b is blank and Total Dist has X. Shouldn't rollover distribution be cancelled out by an equal IRA contribution as far as MAGI goes?
You'll need to sign in or create an account to connect with an expert.
Answered in the follow-up to this question:
Answered in the follow-up to this question:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
giralinas
Level 1
t2025waxq
New Member
ad5jh
Returning Member
trust812
Level 4
Wanncorp11
New Member