I have finished my 2016 tax return. However I decided to make nondeductible contribution to 2016 traditional IRA in 2017. Do I need to amend my 2016 federal and stat return? If yes, how should I do that? Thanks.
You'll need to sign in or create an account to connect with an expert.
Yes. You should amend your federal tax return. For any nondeductible Traditional IRA contributions that you have made or will make between January 1, 2017 and April 18, 2017 that you have designated as 2016 contributions, you would need to amend your federal tax return in order to report your nondeductible contributions on Form 8606.
Please refer to the following FAQ for instructions on how to amend your tax return. https://ttlc.intuit.com/replies/5567856
With respect to your state return, whether or not you should amend it will depend on the specific state . Please refer to the following FAQ and click on your state to access the appropriate website. https://ttlc.intuit.com/replies/4801660
Yes. You should amend your federal tax return. For any nondeductible Traditional IRA contributions that you have made or will make between January 1, 2017 and April 18, 2017 that you have designated as 2016 contributions, you would need to amend your federal tax return in order to report your nondeductible contributions on Form 8606.
Please refer to the following FAQ for instructions on how to amend your tax return. https://ttlc.intuit.com/replies/5567856
With respect to your state return, whether or not you should amend it will depend on the specific state . Please refer to the following FAQ and click on your state to access the appropriate website. https://ttlc.intuit.com/replies/4801660
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
link888888
Level 1
juansepellegrini
New Member
AS80
New Member
ecenurcosar
New Member
jim202400
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.