https://ttlc.intuit.com/community/taxes/discussion/re-ira-deduction/01/2142497#M987833 <P>Open a Traditional IRA at a bank or financial institution of your choice and deposit the money in it for 2020.&nbsp;&nbsp;&nbsp; Be sure to inform the IRA custodian that it is for 2020 and not 2021.</P> Sat, 27 Mar 2021 23:02:38 GMT macuser_22 2021-03-27T23:02:38Z https://ttlc.intuit.com/community/taxes/discussion/ira-deduction/01/2142479#M987832 <P>My wife and I elected to take the traditional IRA deduction for tax year 2020.&nbsp; How do we officially enroll and make the contribution by May 17 2021 to complete our obligation?</P><P>&nbsp;</P> Sat, 27 Mar 2021 22:54:32 GMT https://ttlc.intuit.com/community/taxes/discussion/ira-deduction/01/2142479#M987832 dyerridge 2021-03-27T22:54:32Z https://ttlc.intuit.com/community/taxes/discussion/re-ira-deduction/01/2142497#M987833 <P>Open a Traditional IRA at a bank or financial institution of your choice and deposit the money in it for 2020.&nbsp;&nbsp;&nbsp; Be sure to inform the IRA custodian that it is for 2020 and not 2021.</P> Sat, 27 Mar 2021 23:02:38 GMT https://ttlc.intuit.com/community/taxes/discussion/re-ira-deduction/01/2142497#M987833 macuser_22 2021-03-27T23:02:38Z