Awhile back I was laid off my job (Planet Hollywood I worked at closed) and I had a 401k plan. Since I am a big procrastinator, I didn't roll it over right away into a new IRA. Eventually Merrill Lynch sent me a check for the money, minus the $649 for taxes. I then looked into getting a IRA from my local bank and he said that if put in $649 of my own money in at the same time, that I would get the money back when I did my taxes this year. So, I paid for it with a check from a 0% interest credit card and now I am doing my taxes. However, with the tax program that I am using (TaxAct), it asks if made any contributions to my IRA in 2004. I am thinking this would be considered to be a regular contribution, but I am not totally sure. And I don't have the money to contact a regular accountant. I just want to make sure I am doing it right so I don't get audited later on and find out I screwed up....