is it possible to track nondeductible IRA contributions

Adience
Adience Quicken Windows Subscription Member ✭✭
edited October 2025 in Registers & Transactions (Windows)

I am new to tax related features.

Is there a way to track nondeductible IRA (to use for backdoor Roth conversion)? (Form 8606)

For an IRA account > Tax Schedule Information pop-up, under "Transfer to this account", I only see "IRA Contribution - Self"

image.png

Comments

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    As far as I know the answer to your question is "No," The distinction between what's deductible and what's not deductible is a calculation and Quicken doesn't make that calculation, it doesn't really have enough information to make that calculation.

    Over in the Tax Planner I believe you can enter the nondeductible portion of your IRA contributions.

  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I think you can do it manually as long as you don't use Transfers. Enter a Withdrawal in the contributing account and a Deposit in the IRA, categorized as you please.

    Quicken user since version 2 for DOS, as of 2025 using QWin Premier (US) on Win10 Pro & Win11 Pro on 2 PCs.

This discussion has been closed.

Categories