nelson-oh
Returning Member

Get your taxes done using TurboTax

Thank you Dana.  I followed your steps.  First the JUMP TO doesn't work, there is no such link I can see.  So I went to "Deductions & Credits" section and I believe this is where you enter the info.

 

  1. Answer “No” to “Is This a Repayment of a Retirement Distribution?”  Done
  2. Enter the amount you contributed  Done
  3. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen  This screen does not appear, not an option.  I remember seeing this once before, but do not see it anywhere even when I go from the start of the from to the end.
  4. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” if you had a nondeductible contributions before this tax year.
  5. If you had a basis in the Traditional IRA before then enter the amount.
  6. On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter the amount.