Question

I received a 1099-R form and I opened a traditional IRA, how can I do it in tt

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To include a 1099-R in your tax return go to

Wages & Income

Retirement Plans and Social Security

IRA, 401(k), Pension Plan Withdrawals (1099-R)

The traditional IRA contribution is under

Deductions & Credits

Retirement and Investments

Traditional and Roth IRA Contributions

Keep in mind that you have to have earned income to qualify for a deduction for contributing to an IRA.

The limit you can contribute to possibly receive a deduction for 2019 is $6000 or $7,000 if you are 50 or older.

Retirement income does not qualify as Earned Income.

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