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.
Some contributions can be tax-deductible for less than the donated amount if the charity provides you with something of substantive value in return. At Network for Good, we streamline the giving process so that 100% of your donation is tax-deductible â no worries about what's deductible and what's not. Back to top.