Jacob Patterson is limited from making a fully deductible $5,500 IRA contribution because of his income limitation.

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Jacob Patterson is limited from making a fully deductible $5,500 IRA contribution because of his income limitation. Instead, he makes a $3,500 nondeductible IRA contribution to his traditional IRA. Find out how Jacob reports this on his return, and complete the appropriate tax form he should attach to his Form 1040.

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South Western Federal Taxation Individual Income Taxes 2018

ISBN: 9781337385893

41st Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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