ErnieS0
Expert Alumni

Deductions & credits

You are not doing anything wrong. Choosing to make part of your IRA contribution non-deductible is the same thing as choosing not to deduct IRA contributions. The amount of non-deductible contributions is not deducted on your tax return.

 

On "Your IRA Deduction Summary,"  Your IRA Deduction amount should be your contribution less your nondeductible amount. If you chose to make your entire contribution non-deductible, the deduction would be $0.

 

Generally, a Roth IRA contribution offers better tax advantages than a non-deductible traditional IRA contribution. If you want to claim a partial IRA deduction, you can contribute the deductible portion to the traditional IRA and the non-deductible portion to a Roth.

 

@BruceQing

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