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H
harley03rider22
February 10, 2022
Question

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?

  • February 10, 2022
  • 2 replies
  • 0 views
No text available

2 replies

B
Bsch4477
Employee
February 10, 2022

No. Only contributions count. 

M
MinhT1
February 10, 2022

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

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H
harley03rider22Author
February 10, 2022

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?

D
dmertz
Employee
February 10, 2022

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

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