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pher
Level 3

My income is over the MAGI limit for deductible contributions to a Traditional IRA. When TurboTax asks "Any Nondeductible Contributions to Your IRA?" is the answer Yes?

Normally the term "nondeductible contributions" refers to after-tax contributions, which I did not do. This was simply a contribution to Traditional IRA (which is technically not deductible) but for the purpose of converting via Backdoor Roth IRA.

I don't know if this is bad phrasing by TurboTax and they meant after-tax contributions, or if I actually should be answering "Yes" here.

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dmertz
Level 15

My income is over the MAGI limit for deductible contributions to a Traditional IRA. When TurboTax asks "Any Nondeductible Contributions to Your IRA?" is the answer Yes?

TurboTax is asking if you have any basis in nondeductible contributions carried into 2018 from 2017.  TurboTax will separately automatically pick up any basis resulting from contributions made for 2018.

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