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.
Deduction for Contributions. Only some contributions to traditional IRA contributions result in a tax deduction. If you and your spouse don't have retirement plans through your employer, you can always deduct your traditional IRA contribution. Employer plans include 403(b) plans, 401(k) plans or 457 plans.eduction for Contributions. Only some contributions to traditional IRA contributions result in a tax deduction. If you and your spouse don't have retirement plans through your employer, you can always deduct your traditional IRA contribution. Employer plans include 403(b) plans, 401(k) plans or 457 plans.