Personal Finance and Investing

progree

(12,024 posts)

5. Contributions to a traditional IRA that were made with after-tax dollars are also not taxable

Mon Feb 4, 2019, 03:24 PM

Feb 2019

aka "non-deductible contributions" -- contributions to a traditional IRA for which no deduction was claimed ...

there were and probably are some maximum amounts that can be contributed and deducted, and a higher limit for those that can also be contributed to an IRA that aren't deductible ...

it's been a long time since I contributed to an IRA, but that was my situation in the 1980s when I made some non-deductible contributions because my limit for deductible contributions had been reached.

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I just now started my return on TurboTax [View all] question everything Feb 2019 OP

What is the cost to use Turbo and is it online or do you install it? CurtEastPoint Feb 2019 #1

Online. Price depends on the program how simple or complicated your return is question everything Feb 2019 #2

I get it for free online via my credit union. forgotmylogin Feb 2019 #10

"Taxable Amount not determined" progree Feb 2019 #3

Form 8606. Oh yes question everything Feb 2019 #6

I had a 401K with both before tax and after tax parts progree Feb 2019 #9

"Taxable Amount Not Determined" StatGirl Feb 2019 #4

Contributions to a traditional IRA that were made with after-tax dollars are also not taxable progree Feb 2019 #5

That makes sense StatGirl Feb 2019 #7

I think it has to be prorated over all traditional IRAs progree Feb 2019 #8