Retirement tax questions
If you are in the phaseout range of the IRA deduction, then part of your traditional IRA contribution will be automatically nondeductible. Therefore, you can only choose to make the part nondeductible that is still deductible.
For example, for a $6,500 contribution if it shows that $2,250 is still deductible then you can only enter $2,250 for the “Amount of your contribution to make Nondeductible”. The rest of the contribution ($4,250) is already automatically nondeductible. Therefore, you will have a total of $6,500 nondeductible.
