BigArb: "I used to have a 401k with my old employer, when I left I converted it into a Roth IRA. I was wondering if my rollover counts as a contribution." Technically, you first rolled the 401k to a traditional IRA (non-taxable event if handled correctly) and you then converted the traditional IRA to a Roth IRA (which is a taxable event). We hope that you paid the taxes due on conversion with funds outside the account. Rollovers are not contributions."I also was wondering if someone open a Roth is there initial deposit limited to 3000 dollar contribution for that tax year."Generally yes, assuming that (1) you are not over 50 and (2) your (M)AGI is not in the phase-out range for contributing to a Roth IRA or over the limit for contributing to a Roth IRA.Regards, JAFO
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