You'll need to sign in or create an account to connect with an expert.
If your income is too high to allow a deductible IRA contribution, then you will not see a question about making part or all of your Traditional IRA contribution non-deductible.
Instead, the assumption is that all of your contribution is non-deductible since you are not eligible to make a deductible contribution. Therefore, the full amount of your Traditional IRA contribution is automatically treated as a non-deductible contribution without you specifically indicating this.
I'm having the same problem, thought I was going crazy.
If your income is too high to allow a deductible IRA contribution, then you will not see a question about making part or all of your Traditional IRA contribution non-deductible.
Instead, the assumption is that all of your contribution is non-deductible since you are not eligible to make a deductible contribution. Therefore, the full amount of your Traditional IRA contribution is automatically treated as a non-deductible contribution without you specifically indicating this.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sircarlphil
Returning Member
user17777308086
New Member
mgfish
New Member
Priller
Level 4
Don Riley
Level 2