The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Student Trying to Game the System Date:  2/10/2006  5:26 PM
Author:  jrr7 Number:  83802 of 124817

And in my case i wasnt able to deduct it all, but was able to contribute and now will simply carry a cost basis forward for the remainder of the contribution that was not deductible.

I think you may have to file a form to report the nondeductible portion.
Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us