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Get your taxes done using TurboTax
Ok great, I just have 1 part left and I'm done. Thanks for the help by the way.
It's under the Deductions section, it says:
1.) Traditional or Roth IRA contributions by July 15, 2020, it allows me to check or uncheck each box:
[ ] Traditional IRA
[ ] Roth IRA
Should I check traditional ira? Or leave blank?
2.) Your 2019 IRA Contributions
First, tell us the amount of total 2019 contributions that you made through July 15, 2020.
First, tell us the amount of total 2019 contributions that you made through July 15, 2020.
- Your total contributions Your total 2019 contributions through July 15, 2020 I put 0
- Your contributions Portion you contributed between Jan. 1, 2020, and July 15, 2020. 0
- Your Employer's Retirement Plan
Check any that apply. (We’ve already checked the box if your W-2s show you were covered by an employer plan.)
[ ] I was covered by an employer retirement plan in 2019. I'm assuming dont check since I only have 403(b)?
Tell us the total value of your traditional IRAs as of Dec 31, 2019. Do I have to put the total value of the inherited IRA (Its over 30k)? I'm not sure I put this amount on last year return.
You can find this amount on your annual IRA statement(s). If you have more than one traditional IRA, add the value of all the accounts together.
July 15, 2020
2:51 PM