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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: Re: Rollover IRA Date: 11/13/2013 12:20 AM
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I suspect the confusion here is that you didn't realize that a rollover is not a deductible contribution to your traditional IRA.

You are assuming that the OP intended these to be rollover contributions and tried to deduct them. (And that appears to be the IRS position here as well.)

My assumption is that the OP intended these to be normal contributions (who rolls over exactly $3000 twice??) and somehow the custodian thought they were rollover contributions and reported them to the IRS accordingly.

A key piece that's missing here goes back to one bit of information Phil asked: What was on the Form 5498 that the custodian prepared for this year.

Plus one bit of information no one has asked yet: What did the OP intend with these contributions? A rollover? Or a regular contribution?

--Peter
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