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February 8, 2025
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Does Rollover Count as Distribution

  • February 8, 2025
  • 1 reply
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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

Best answer by AnnetteB6

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.  

1 reply

AnnetteB6Answer
February 8, 2025

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.  

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Employee
February 8, 2025

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