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A RollOver from Traditional IRA to Roth

Greta
Level 9

Will that show up as a 1099R distribution on Form 8880 and thus be a hurdle to getting the credit?

Is a mandatory distribution from an inherited IRA likewise be a hurdle to this credit?

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TaxGuyBill
Level 15

No, a Roth conversion does not count as a distribution for purposes of the Saver's Credit.

 

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2 Comments 2
sjrcpa
Level 15

What credit are you talking about?   Nevermind.


Ex-AllStar
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TaxGuyBill
Level 15

No, a Roth conversion does not count as a distribution for purposes of the Saver's Credit.