I receive a monthly pension and deposited it into my traditional IRA. When I enter the 1099 R into Turbo Tax and answer the question - did some or all funds go into traditional IRA I said yes and entered the $6,500 deposited to my IRA. When I get to the section regarding IRA contributions, I completed the questions indicating I made a $6,500 contribution. Am I taking double credit for the $6,500? My taxable pension is less than the total pension I received and makes sense. Forms are so much different than prev years, I am not sure if what I did was correct.
