- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Received a distribution from a traditional IRA (1099-R), IRS has deemed none of the contributions made were deductible in prior years. How do I report the distribution?
Since my contributions to the IRA were not deductible in the prior years, the distribution should not be a taxable event?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Received a distribution from a traditional IRA (1099-R), IRS has deemed none of the contributions made were deductible in prior years. How do I report the distribution?
Once you enter your 1099-R, follow the screens, and continue past the 1099-R summary page. You will reach a a screen, "Any Nondeductible Contributions to your IRA?" and you'll be able to enter the amount that were deemed nondeductible.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Received a distribution from a traditional IRA (1099-R), IRS has deemed none of the contributions made were deductible in prior years. How do I report the distribution?
Once you enter your 1099-R, follow the screens, and continue past the 1099-R summary page. You will reach a a screen, "Any Nondeductible Contributions to your IRA?" and you'll be able to enter the amount that were deemed nondeductible.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"