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Deductions & credits
Yes, if you select to make the contribution nondeductible or it is nondeductible because you had a retirement plan at work and are over the limit then TurboTax will fill out Form 8606.
Yes, you will receive Form 5498 and 1099-R and should keep them for your records. Please see How Long Do Federal and State Tax Returns Need to Be Kept? for additional information.
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‎April 8, 2024
8:38 AM