Jacob Patterson cannot make a fully deductible $5,500 IRA contribution because his AGI exceeds the phase-out range.

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Jacob Patterson cannot make a fully deductible $5,500 IRA contribution because his AGI exceeds the phase-out range. Instead, he makes a $3,500 nondeductible IRA contribution to his traditional IRA. Determine how Jacob reports this on his tax return, and complete the appropriate form that he should attach to his Form 1040?
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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

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

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