I am a younger person who hasn't had much experience with taxes and investing. I have always tried to do my own taxes and last year was the first year I had to do a 1040 because I can get a deduction from interest I pay on my school loan. Last year I left my job, where I had established a small 401k, approx. $600. In January, I transferred it to a Roth IRA. The check I received was made out to the investment firm, not to me. When I did my taxes this year, I thought that, contributions to a Roth IRA were not deductible. When I was reading info on this website, it seemed it was deductible as long as you don't make over a limitation over a specified AGI. Could I have deducted the transfer? Also, can I deduct additional contributions?
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