You can contribute to a Traditional IRA for 2019 and deduct it if you are qualified for a deduction. If withdrawn you must pay the normal tax plus 10% penalty if under age 59 1/2 unless it is withdrawn in 2020 and you meet the above requirements for a coronavirus related distribution. It would make little sense to make such a contribution only to withdraw it within 5 months.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
