topic If I'm moving funds from a 403(b) retirement account into a traditional Roth IRA before April 2017, is that considered a traditional IRA contribution? in Retirement tax questions

If I'm moving funds from a 403(b) retirement account into a traditional Roth IRA before April 2017, is that considered a traditional IRA contribution?

j_vsmith — Tue, 04 Jun 2019 20:56:28 GMT

No such thing as a traditional Roth IRA. You either have...

PaulaM — Tue, 04 Jun 2019 20:56:29 GMT

No such thing as a traditional Roth IRA. You either have a traditional IRA or a Roth IRA. In order for your 403(b) retirement funds to be not taxable, you need to roll them into a Traditional IRA.

A rollover is not a contribution. You would need to roll over the funds to a traditional IRA, then make a contribution after the rollover, to count as an IRA contribution.

See chart below.

https://www.irs.gov/pub/irs-tege/rollover_chart.pdf

OK, it's a traditional IRA. What I'm trying to determine...

j_vsmith — Tue, 04 Jun 2019 20:56:30 GMT

OK, it's a traditional IRA. What I'm trying to determine is for tax purposes, when funds from a 403b are withdrawn and deposited into a traditional IRA, if that is considered a CONTRIBUTION. If not, what is it called / what do I indicate?

If you take a distribution and later open an IRA, then ye...

PaulaM — Tue, 04 Jun 2019 20:56:32 GMT

If you take a distribution and later open an IRA, then yes that would be a contribution to an IRA.

But a trustee-to-trustee rollover of funds would not be a...

PaulaM — Tue, 04 Jun 2019 20:56:33 GMT

But a trustee-to-trustee rollover of funds would not be a contribution.