Rollover old IRA or wait until next year?

[okisok]

I've fully funded my Fidelity traditional IRA this year. I have an old IRA through E*Trade, from when Capital One transferred their investments to E*Trade.  Should I roll it over now? Or can I roll it over next tax year and claim the deduction for 2020?

[RWD]

I'm confused. You don't get a tax deduction when you rollover an IRA.

[cincystache]

As RWD states, you don't get a deduction when you rollover an IRA from one place to another. It is not a taxable event assuming you go from traditional to traditional. If you convert it to a Roth IRA then you will owe taxes on whatever amount you convert.