Yes, as long as the CD is specified as an IRA CD you can still claim the $2,000 retirement investment. TurboTax will compare this with all your other information to determine your allowed deduction from the investment.
To enter your IRA deduction into TurboTax Online you can follow these steps:
- Sign into your TurboTax account
- Open or continue to your return
- In the search bar, type ira contributions and select the Jump to link in the search results
- We'll take you to the Traditional IRA and Roth IRA screen, where you can start the IRA interview
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