Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
rachellynnvan
New Member

For my 2016 taxes, I chose to make an IRA contribution in the Jan to April 2017 window where it’s allowed. Does that contribution also count on my 2017 taxes?

 
1 Best answer

Accepted Solutions
DS30
New Member

For my 2016 taxes, I chose to make an IRA contribution in the Jan to April 2017 window where it’s allowed. Does that contribution also count on my 2017 taxes?

No, if you made an IRA contribution for the 2016 tax year, the deduction for this contribution would have been on your 2016 tax return. You will not include IRA contributions made in Jan through April of 2017 for the 2016 tax year on your 2017 tax return.

View solution in original post

1 Reply
DS30
New Member

For my 2016 taxes, I chose to make an IRA contribution in the Jan to April 2017 window where it’s allowed. Does that contribution also count on my 2017 taxes?

No, if you made an IRA contribution for the 2016 tax year, the deduction for this contribution would have been on your 2016 tax return. You will not include IRA contributions made in Jan through April of 2017 for the 2016 tax year on your 2017 tax return.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v