Does the original amount invested through an IRA account count as the contribution for the year? So if I invest $6000 to begin with does that count as my contribution for the year?
Hi @ymmor821
When you make a contribution to an IRA between January and April, you will be asked if you are contributing for the current year or the previous year (the 2021 deadline is April ~15th 2022).
So for this year, if you put in $6K in January for 2022 then you would max out your contributions for 2022.
Rollovers from a 401k or a different IRA do not count against your contribution limit.
I hope this helps. Let us know if you have any other questions!
Super helpful! Thanks a million!
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