Are you referring to a deductible Traditional IRA contribution?
Everyone is eligible to make contributions to a traditional IRA, but a tax deduction for those contributions may not always be available. You may need to reduce or entirely eliminate your IRA deduction if you or your spouse:
- contributes to an employer-sponsored retirement plan, such as a 401(k) or 403(b)
- has Modified Adjusted Gross Income (MAGI) that exceeds annual limits
In TurboTax Online, traditional IRA contributions are reported under Deductions & Credits, then Retirement and Investments, then Traditional and Roth IRA Contributions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
