skyworks
Level 5
07-09-2020
10:14 PM
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Hi,
The taxpayer's traditional IRA deduction was disallowed due to modified adjusted gross income in excess of the threshold amount.
Does this contribution automatically count as NONE deductible IRA?
Given the fact that the contribution was added to an existing traditional IRA account!!
Solved! Go to Solution.
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George4Tacks
Level 15
07-10-2020
12:47 AM
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** Delete *** spoke incorrectly
Here's wishing you many Happy Returns
sjrcpa
Level 15
07-10-2020
08:54 AM
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Yes it is a nondeductible IRA. Include Form 8606 with the tax return.
Ex-AllStar
