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February 2, 2025
Question

Is a rollover to a traditonal IRA deductible

  • February 2, 2025
  • 2 replies
  • 0 views
how much of a rollover is a traditional IRA deductible?

    2 replies

    February 2, 2025

    No.

     

    A rollover from a qualified retirement plan (such as a 401(k) plan) to a Traditional IRA is not taxable, but it is not deductible.

     

    Only eligible new contributions can be deductible.

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    VolvoGirl
    Employee
    February 2, 2025

    What did you roll it from?  You only enter it from the 1099R.  It is not a new contribution so don't enter it under Deductions and Credits.