Non Deductible IRA Question

[tmstewart]

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?

[sjrcpa · Accepted solution]

If it is funded by April 15, yes.

[tmstewart]

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.  

[sjrcpa]

Your finding is correct.