Yes, if it is a designated traditional IRA account. This can be confirmed with your broker. If it is eligible, you may enter it this way:
- Click
on the Federal Taxes tab
(or Personal tab if using Home & Business)
- Click on Deductions
& Credits
- Check your quick list
for Traditional and Roth IRA Contributions and click Start/Edit/Revisit/Update
- If it is not there, please proceed with the rest of the
steps
Online users may click
on Check for other tax breaks, then Jump to full list, Skip to full list or similar verbiage
-
Scroll down
to the "Retirement and Investments" section
Online users may need to click Show more to expand the section
- Click on Start/Edit/Revisit/Update next to
"Traditional and Roth IRA Contributions"
- TurboTax will walk you through the section.
