Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 12, 2025 7:25:42 PM

IRA Contributions and Conversions

Why is my IRA contributions not showing up on my 1040 form even though I entered 7,000 for my spouse and I in the IRA deductions?

0 3 474
3 Replies
Expert Alumni
Apr 13, 2025 6:30:19 AM

To confirm, you do not have an entry on line 20 of Schedule 1?

 

If you have no entry and entered the Traditional IRA contributions in the IRA contribution interview under Deduction & Credits then this means that the contributions were nondeductible. You should have seen a message during the IRA contribution interview that your contributions are nondeductible.

 

Your Traditional IRA deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels. Please see IRA deduction limits for details.

New Member
Apr 13, 2025 10:33:41 AM

Thank you for the response, and I know it's not deductible, but should line 4a on the 1040 state that the amount should be 0.  There is nothing listed there.  I invested 7,000 into a traditional IRA and converted it to a ROTH immediately in March of 2025.

 

 

Expert Alumni
Apr 13, 2025 10:38:15 AM

Line 4 of the 1040 is for distributions (money taken out of your account), not contributions. Contributions would be listed on Schedule 1, if deductible, or Form 8606.