Enter a Traditional IRA contribution

Complete the following steps to enter a Traditional IRA contribution.
  1. In the
    IRA
    screen, select the code in the
    Covered by a retirement plan?
    field.
  2. Either enter the contribution amounts in the
    Traditional IRA Contribution
    field, or select the code in the
    Have program compute IRA deduction
    field.
    note
    Selecting
    Code 1
    or
    Code 2
    in the
    Have program compute IRA deduction
    field overrides amounts entered in the
    Traditional IRA contribution
    field.
  3. The calculation of deductible and nondeductible contributions shows on the Traditional IRA Deduction Worksheet.
    note
    If the return includes Social Security income, the deductible and nondeductible contributions are calculated on Worksheet 2 For Social Security Recipients Who Contribute To An IRA. You can view the form in the SSW folder (Worksheet 2 tab) in Forms.

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