If the reporter cashed the check for the month of death (and any later months), do not ask for a refund. Advise the reporter that the Treasury Department (TD) may request the funds back from the bank that cashed the check for a period of up to 12 months from the month that SSA learns of the death.
For example, if 5% of your non-Roth IRA are non-deductible contributions, then 5% of the conversion amount must be non-deductible contributions, and the rest must come from the deductible contributions, including earnings and rollover contributions.
Contribution Limits for 2016 and 2017 and How the Phase-Out Works. 1  Dollar Limits for Contributions to an Individual Retirement Account. 2  Contribution Requirements. 3  Deadlines for Making Contributions. 4  Where to Claim the Tax Deduction. 5  IRA Deduction Can Phase Out or Is Eliminated Based on Income. Contributions to a traditional IRA might be fully deductible, partially deductible or entirely nondeductible depending on whether you and/or your spouse are covered by a retirement plan through your employer. If a taxpayer is covered by a retirement plan at work, his income determines whether his IRA deduction will be limited.