@nolanwittrock wrote:
@macuser_22
When I put in my IRA contribution, it does create form 8606 for a nondeductible IRA on my return. However, I have no idea why my contribution would be nondeductible...
Two reasons, 1) you marked it as non-deductible in the contribution interview, or 2) You have a retirement plan at work and your MAGI is too high to deduct so it can only be non-deductible.
See this IRS link for Traditional IRA deduction limits when covered by a retirement plan at work.
https://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits
**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.**
