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Choose Not to Deduct IRA Contributions Section -My income was less than $75,000 and I did the backdoor conversion. Do I want to make my IRA contributions nondeductible?
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Retirement tax questions
If you have already converted the $6000 contribution to a Roth IRA, then you need to indicate that it was all a non-deductible contribution. The only limit imposed on making a non-deductible contribution is the maximum IRA contribution for the year based on your age ($6000 or $7000 for 50 and older).
Please take another look at the screen, it should say that your maximum deductible contribution is $2280.
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Retirement tax questions
Hi Annette,
Thanks for your response. I see a section that says "You can deduct only $2,280 of the $6,000 contribution to a traditional IRA because you're covered by a retirement plan at work and your modified adjusted gross income is between $65,000 and $75,000. The difference of $3,720 is considered a nondeductible contribution.
When I press continue, I see "Do you want to make your IRA contributions nondeductible?" Do I click Yes and then type $2,280 under amount of your contribution to make nondeductible?
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Retirement tax questions
You would click 'yes' and enter that you want to make $6000 non-deductible.
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