When you
enter a contribution into TurboTax, the program will let you know if and how
much of the contribution is deductible-you will see the difference, if any on the refund meter..
You should
make the above determination before you purchase an IRA
To report a Roth or Traditional
IRA in TurboTax:
Type in ira
contributions in the search box, top right of your screen, then click
the magnifying glass
Click the jump to ira
contributions link in the search results.
Follow the onscreen instructions to enter
