Timeline for 2014 Traditional IRA Contribution that was not Deducted
Current License: CC BY-SA 3.0
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Mar 17, 2016 at 1:36 | vote | accept | Geo | ||
| Mar 11, 2016 at 17:36 | comment | added | Geo | Let us continue this discussion in chat. | |
| Mar 11, 2016 at 15:10 | comment | added | Joe | And - there is a phone number, though I wouldn't necessarily suggest it's helpful in this case... irs.gov/uac/Telephone-Assistance | |
| Mar 11, 2016 at 15:09 | comment | added | Joe | Either he should've deducted it or known it was nondeductible, that's confusing that he'd do neither. In either event you can always file a 1040X to amend the 2014 return - talk to your current CPA. | |
| Mar 11, 2016 at 12:34 | comment | added | Geo | Thanks Joe! My previous accountant did not even catch the fact that the Traditional IRA was nondeductible. So no form was filed in 2014. It sounds I don't have any options. I wish there was a phone line to contact someone at the IRS. | |
| Mar 11, 2016 at 3:02 | comment | added | Joe | Form 8606 would have been filed in 2014 hopefully. It also would be filed if you wanted to convert some of that IRA to Roth. | |
| Mar 11, 2016 at 3:01 | comment | added | Geo | Form 8606 only talks about nondeductible contributions for 2015, it does not talk about contributions to 2014. Is it the same form for 2014? | |
| Mar 10, 2016 at 20:22 | comment | added | Geo | Thanks so much Joe. This is exactly what I was looking for, I just could not find it. | |
| Mar 10, 2016 at 18:01 | history | answered | Joe | CC BY-SA 3.0 |