How do i add a traditional IRA ($5500) i opened years ago but did not report on taxes? i make too much, so no deduction

while doing my 2014 taxes, i opened a new traditional IRA in 2015 (3/15), but i did not put that on my 2014 taxes (turbotax). Do i need to?

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Expert Alumni

Jun 4, 2019 2:14:40 PM

When you make a Non-Deductible Traditional IRA Contribution, you need to include Form 8606. If you forgot to file it with your return, you can send it in separately now. If you made the Traditional IRA Contribution for Tax Year 2014, you should file a 2014 Form 8606.

Here is a link to the 2014 Form 8606: https://www.irs.gov/pub/irs-prior/f8606--2014.pdf

Here is a link to the 2014 Form 8606 Instructions: https://www.irs.gov/pub/irs-prior/i8606--2014.pdf

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How do i add a traditional IRA ($5500) i opened years ago but did not report on taxes? i make too much, so no deduction