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January 2, 2025
Question

I contributed $8000 to a rollover IRA in 2024(I am >50). Does this get reported as a traditional IRA?

  • January 2, 2025
  • 1 reply
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How are contributions to Rollover IRA handled?

    1 reply

    Employee
    January 2, 2025

    There is nothing different about a rollover IRA than a regular IRA. It is simply that a rollover IRA was started with a rollover from a different plan. That has no effect on any of the other rules related to IRA contributions or withdrawals.