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Non Deductible IRA Question

tmstewart
Level 1
Can a non deductible IRA be funded by a taxpayer after the tax return was efiled with the non deductible IRA reported in the tax return?
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sjrcpa
Level 15

If it is funded by April 15, yes.

The more I know, the more I don't know.

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3 Comments 3
sjrcpa
Level 15

If it is funded by April 15, yes.

The more I know, the more I don't know.
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tmstewart
Level 1
Actually, just realized my question was incomplete.  The question should have been, "Can a nondeductible IRA be funded by a taxpayer after the tax return was efiled, if the nondeductible IRA was not reported on the tax return?"  I did some research on my own and found that a separate form 8606 can be filed and will be timely if filed and funded before tax return due date i.e. 4/15.  
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sjrcpa
Level 15
Your finding is correct.
The more I know, the more I don't know.
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