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Need help with a non-deductible contribution
In 2024 I made non-deductible contributions to my IRA totaling $7,000. In Jan 2025 I made an additional contribution of $1,000 for 2024. Turbotax then asks for my total non-deductible contributions for 2024 and I enter $8,000. Then it wants to know the total contributions made from Jan 1 2025 to April 15th 2025... when I enter $1,000, it treats the $1,000 as taxable and the $7000 as non-taxable... the entire $8,000 should be non-taxable. What am I doing wrong.
Thanks
‎April 30, 2025
9:24 PM