DanaB27
Expert Alumni

Retirement tax questions

It seems part of your wife's Traditional IRA contribution was nondeductible and therefore she has a basis carryover (line 3 of the IRA Information Worksheet). Does your wife have a 2024 8606 included on your return? Did you get a warning during the IRA contribution that part of your wife's Traditional IRA contribution cannot be deducted?

 

@Stu10 

 

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