- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Non Deductible IRA Contribution
Turbo Tax is asking me about Non Deductible IRA Contributions, and I'm no sure how to answer it.
My wife had a rollover contribution back in Tax Year 2019 of $242,659.28 (Fair market value of $251,854.70) from a work 401K into a regular IRA.
We had to end up pulling $40,000 for personal reasons from that IRA in 2025 and had $12,800 Federal Tax Witheld (taxes and early withdrawl penalty)
As i'm entering that 1099-R Gross Distribution and Withheld tax, it is asking me about "non deductible IRA contributions"...and I'm not sure how to answer that.
2 weeks ago