Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
bcressman57
New Member

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?  

1 Best answer

Accepted Solutions
IsabellaG
Expert Alumni

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"

View solution in original post

1 Reply
IsabellaG
Expert Alumni

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"
Dynamic AdsDynamic Ads
Privacy Settings
v