topic Re: Does Rollover Count as Distribution in Retirement tax questions

Does Rollover Count as Distribution

apryllamb — Sat, 08 Feb 2025 19:35:45 GMT

Hi! I'm in the section of Saver's Credit, and it asks if I received a Distribution and how much. I don't know how to answer because I received a Distribution, but it was a rollover that went straight from my 401K to my Traditional IRA. Do I need to enter that?

Thank you so much!!

Apryl

Re: Does Rollover Count as Distribution

AnnetteB6 — Sat, 08 Feb 2025 19:40:47 GMT

No, you do not need to enter the amount of your distribution from your 401k to a Traditional IRA.

You would only include any taxable distributions that you may have had.

Re: Does Rollover Count as Distribution

dmertz — Sat, 08 Feb 2025 21:17:21 GMT

You would also need to include any nontaxable amounts distributed and not rolled over, such as nontaxable amounts distributed from a Roth IRA.