topic If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qualified IRA can you still take the Retirement Savings Contribution credit? in Retirement tax questions

If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qualified IRA can you still take the Retirement Savings Contribution credit?

harley03rider22 — Mon, 09 Mar 2026 06:15:51 GMT

Re: If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qualified IRA can you still take the Retirement Savings Contribution credit?

Bsch4477 — Thu, 10 Feb 2022 16:59:45 GMT

No. Only contributions count.

Re: If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qual...

MinhT1 — Thu, 10 Feb 2022 17:03:18 GMT

No. A rollover does not count as a contribution and does not make you eligible for the Retirement Savings Contribution credit.

Re: If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qual...

harley03rider22 — Thu, 10 Feb 2022 18:08:18 GMT

There was new contributions made in 2021 to a new employer qualifying 401K so does that make you eligible for the Retirement Savings Credit if you had roll over distributions in past years?

Re: If had distribution from a qualified 401K in 2020 and rolled that distribution over to a qual...

dmertz — Thu, 10 Feb 2022 22:41:16 GMT

The rollover has no bearing on your eligibility for this credit.