14711: 1040 - IRA Deduction Not Showing on Return

The IRA Deduction is subject to limitations related to the income of the taxpayer and/or spouse who is covered by a retirement plan at work. See the 1040 instructions for details. To determine why the IRA deduction is being disallowed on a return, in View/Print mode, review Wks 8606 IRA Deduction (formerly WK_8606N). Wks 8606 IRA Deduction is used to determine whether or not the taxpayer and/or spouse's IRA contribution qualifies for the IRA Deduction on Schedule 1, Part II, line 20 (Schedule 1, line 19 in Drake19-Drake20, Schedule 1, line 32 in Drake18, 1040 line 32 in Drake17 and prior).

If line 6 of Wks 8606 IRA Deduction is marked No for the taxpayer, and No for the Spouse if MFJ, then none of the IRA contributions are deductible on line 20, and lines 2-6 will be skipped. If line 6 is marked Yes, continue reviewing the worksheet to determine what else may be disallowing the IRA Deduction.