Rollover IRA Contribution

Forum|Forum|3 months ago
March 22, 2026
1 reply
98 views

I'm trying to figure out if I can deduct the $8,000 contribution I put into a Rollover IRA the end of Dec 2025. The Rollover IRA was from a previous employer and I had the account set up several years ago. I am > 50 and I do not have a retirement plan through work. If it's deductible, how do you enter it on Turbo Tax Deluxe? It says you can't enter Rollover IRA contributions under the Traditional IRA section. Any info would be much appreciated. Thanks.

DavidD66

Level 15

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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