topic This question is confusing. How much is the IRA contribution in 2019 but then it asked how much of this amount was the contribution from Jan 1, 2020 to Jul 15, 2020? in Retirement tax questions

This question is confusing. How much is the IRA contribution in 2019 but then it asked how much of this amount was the contribution from Jan 1, 2020 to Jul 15, 2020?

henrycyee — Tue, 14 Jul 2020 04:24:51 GMT

Re: This question is confusing. How much is the IRA contribution in 2019 but then it asked how much of this amount was the contribution from Jan 1, 2020 to Jul 15, 2020?

tecklord — Tue, 14 Jul 2020 05:24:54 GMT

I have the same question, do I put the total from my 2019 and 2020 contributions in the total 2019 box and put the 2020 contributions in the box that states between Jan 1 2020 to July 15 2020? This seems more plausible because if I add my current 2019 and 2020 which I thought I was able to do so of 6000$ total on or before July 15 and then just state how much of that was from Jan 1 to July 2020. So for my figures I have this from my IRA

Traditional IRA

2019 contributions =(4000) this is from Jan 1 to Dec 31 2019

2020 contributions =(2000) this is from Jan 1 to July 14 2020

So the first box entry should be 6000$ correct and the box that asks the Jan 1 to July 15 2020 box should be 2000$?

Re: This question is confusing. How much is the IRA contribution in 2019 but then it asked how much of this amount was the contribution from Jan 1, 2020 to Jul 15, 2020?

dmertz — Tue, 14 Jul 2020 13:31:47 GMT

"do I put the total from my 2019 and 2020 contributions in the total 2019 box and put the 2020 contributions in the box that states between Jan 1 2020 to July 15 2020?"

Yes, you put the total of your contributions made for 2019 in the first box but only those contributions made in 2020 for 2019 in the second box. This agrees with what you have described for the amounts to be entered in each of the boxes. These entries correspond to Form 8606 lines 1 and 4 (for those who are required to file Form 8606 because they made nondeductible contributions).