@wtang922 wrote:
Thanks macuser_22! The 8606-T and the 8606-S inline 1 was both blank. I went to the worksheet and entered 7000 on each and the 14k is now deductible. Thanks very much for your time!!!
Careful...did you previously enter the contribution in the IRA contribution interview? That is where it should be entered and not on the worksheet. If you entered it in the interview and did not select the option for it to be non-deducible then it might also be included on Schedule 1, line 19 as a IRA deduction.
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
