DavidD66
Expert Alumni

Retirement tax questions

Don't think of it as a "Rollover IRA".  Instead just think of it as a Traditional IRA.  You can contribute, and if eligible take a deduction for the contribution. To do so:  

 

  • Navigate to Deductions & Credits Summary Page
  • Next to "Traditional and Roth IRA Contributions" click on Start/Edit/Review
  • Check the box for "Traditional IRA"
  • Indicate it is not a repayment
  • Enter the amount of your contribution in the box according to when you made it
  • Answer "No" to the recharachterization question
  • Continue with questions until you get to the page where you enter the portion of your contribution you want to deduct.
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