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kceames1
February 24, 2022
Question

What are considered "contributions" to my traditional and Roth IRA?

  • February 24, 2022
  • 1 reply
  • 0 views
I have switched from contribution to a regular 401k to a Roth. I have transactions for 401(k) Deferrals, Employer Match, Profit Sharing, Rollover Account, Roth 401(k) Account, Roth Rollover Account - which of these are considered contributions?

1 reply

F
FangxiaL
February 24, 2022

Contributions are the money you deposited into your traditional or Roth IRA account in 2021 or plan to deposit before the tax due date. It doesn't include rollovers or deductions from your paychecks to 401(k) plan (regular or Roth).

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