@sesayse92 wrote:
So I made the traditional IRA non-deductible contribution in 2024.
I entered that into the Traditional IRA section and followed the steps.
However, it is saying that I have a penalty. Even though I submitted a 1099-R in the Wages & Income section.
A 1099-R only lists withdrawals. Contributions are separate, different, and covered by different rules.
Did you have income earned from working? You can only contribute to any kind of IRA if you have compensation from working (generally, wages in box 1 of a W-2, or self-employment income.)
