IRS form IRA?
Which 1040 form do I use to deduct contributions to my traditional IRA for 20005?
Public Comments
- you can get those answers from the web site of the irs which is www.irs.gov
- Assuming you have "earned income" not passive...Use Long 1040 - Line 32 - IRA Deduction - look at Page 31 of book they send you. You can't deduct contributions to a ROTH IRA but may be able to take retirement savings credit - see page 40 instructions for line 51. More general info Publication 590 and for self-employed. If you made any non-deductible contributions (over the allowed deductible limit, for example - must also fill out Form 8606) Sasha
