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potterfan
New Member

IRA Contributions - Had a 401k with previous employer

Hello,

I had a 401k in the beginning of the year which was rolled over into an IRA. Can I deduct contributions made to an IRA later in the year when I no longer had a 401k or am I not eligible since I had one at some point during the year? Was trying to uncheck line 10 on the IRA worksheet but was unable to. 

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2 Replies

IRA Contributions - Had a 401k with previous employer

If you had an employer retirement plan at any time you are considered to have had it all year. 

PaulaM
Expert Alumni

IRA Contributions - Had a 401k with previous employer

It's possible, but whether its deductible depends on your filing status and your modified adjusted gross income. 

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