Thanks @Hal_Al .
For clarification,
- I contributed $6000 every year from 2017 to 2024 so a total contribution of $48,000.
- I have been deducting $4000 every year (on 2017 through 2023 tax returns).
Can you please confirm if I should enter the following amounts for 2024 taxes?
- 2024 Contribution = $6000
- Prior Year Contributions Not Deducted = $20,000 (This is because $28,000 has already been deducted from 2017 through 2023 and the remaining amount is $20,000 from prior years)
