AmyC
Expert Alumni

Retirement tax questions

You are correct pub 590-A does state that taxable stipend income is allowed for the contribution. I was able to get the traditional IRA deduction. Follow these steps:

  1. Open your return to the federal income section
  2. Look under Less common Income
  3. Select Miscellaneous, Income
  4. Select other income not already reported on a W2
  5. Other wages, YES, continue, continue, continue
  6. Any other earned income,  wages YES, continue
  7. Select Other for Other income, continue
  8. Enter stipend and amount, done

You can now go to the deductions section and enter your IRA.

 

 

 

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