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How do I enter a hypothetical ira contribution to see how it may reduce my tax bill and then can I delete it?

 
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Coleen3
Intuit Alumni

How do I enter a hypothetical ira contribution to see how it may reduce my tax bill and then can I delete it?

IRA contributions:

  • Federal Taxes tab (Personal in the Self-Employed/Home& Business version)
  • Deductions and Credits 
  • Continue or I'll Choose What I Work On (if they show up)
  • Scroll to Retirement and Investments
  • then, Traditional and Roth IRA Contributions

Here are the steps for deleting unwanted forms in TurboTax Online:

  • Open your return in TurboTax. (To do this, sign in to TurboTax, and select the Take me to my return button.)

    In the left side bar, select Tax Tools> Tools.

    In the pop-up window Tool Center, choose Delete a form.

    Select Delete next to the form/schedule/worksheet and follow the onscreen instructions.

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1 Reply
Coleen3
Intuit Alumni

How do I enter a hypothetical ira contribution to see how it may reduce my tax bill and then can I delete it?

IRA contributions:

  • Federal Taxes tab (Personal in the Self-Employed/Home& Business version)
  • Deductions and Credits 
  • Continue or I'll Choose What I Work On (if they show up)
  • Scroll to Retirement and Investments
  • then, Traditional and Roth IRA Contributions

Here are the steps for deleting unwanted forms in TurboTax Online:

  • Open your return in TurboTax. (To do this, sign in to TurboTax, and select the Take me to my return button.)

    In the left side bar, select Tax Tools> Tools.

    In the pop-up window Tool Center, choose Delete a form.

    Select Delete next to the form/schedule/worksheet and follow the onscreen instructions.

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