turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Don't have any retirement plan from my employer so contributed $6500 to a Traditional IRA. However, Turbo T doesn't recognize $6500 as my deduction. Isn't this an error?

I think this is a bug from Turbo Tax
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Don't have any retirement plan from my employer so contributed $6500 to a Traditional IRA. However, Turbo T doesn't recognize $6500 as my deduction. Isn't this an error?

Hard to know.   It's unlikely the software would miss that.

BUT

Have you actually entered your Working income yet?

Working income must exceed the $$ you contributed....so you need to have entered that first.

______

You can go to the left-side menu and look at your form 1040...deduction should be on line 20 of the 1040 Schedule 1....also ends up on line 10 of the main Form 1040  (But other things can add into line 10 too)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies