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Best answer by LindaA

You may set up an Individual Retirement Arrangement (IRA) through a bank or other financial institution if you have earned income and meet certain qualifications. If you haven't already contributed to your IRA, you'll need to do so by April 17, 2018. Be sure to tell your financial institution you want the contribution applied to 2017. 


To report your IRA contributions in TurboTax Online:

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left of your screen).
  • Select Tools.
  • In the pop-up window, select Topic Search.
  • In the I'm looking for: box, type ira contribution.
  • Highlight ira contribution information, then click GO.
  • Follow the onscreen instructions. Be sure to indicate the type of IRA (Traditional or Roth) and the owner if filing a joint return. (Click the first screenshot below to enlarge it for reference.) 
  • As you continue through the screens, you'll be prompted to Tell us how much you contributed. Enter the total IRA contributions that apply to tax year 2017. You'll also need to indicate how much of the contribution was made between January 1, 2018 and April 17, 2018. (Click the second screenshot below.) Note that contributions to Traditional and Roth IRAs are entered separately.


See the FAQ below for more information about IRAs.  

https://ttlc.intuit.com/replies/3300134

1 reply

LindaAAnswer
Employee
June 6, 2019

You may set up an Individual Retirement Arrangement (IRA) through a bank or other financial institution if you have earned income and meet certain qualifications. If you haven't already contributed to your IRA, you'll need to do so by April 17, 2018. Be sure to tell your financial institution you want the contribution applied to 2017. 


To report your IRA contributions in TurboTax Online:

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left of your screen).
  • Select Tools.
  • In the pop-up window, select Topic Search.
  • In the I'm looking for: box, type ira contribution.
  • Highlight ira contribution information, then click GO.
  • Follow the onscreen instructions. Be sure to indicate the type of IRA (Traditional or Roth) and the owner if filing a joint return. (Click the first screenshot below to enlarge it for reference.) 
  • As you continue through the screens, you'll be prompted to Tell us how much you contributed. Enter the total IRA contributions that apply to tax year 2017. You'll also need to indicate how much of the contribution was made between January 1, 2018 and April 17, 2018. (Click the second screenshot below.) Note that contributions to Traditional and Roth IRAs are entered separately.


See the FAQ below for more information about IRAs.  

https://ttlc.intuit.com/replies/3300134