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Figure the early withdrawal penalty using Form 5329 if any of your non-qualified Roth IRA distribution is taxable. This only occurs if you are taking out earnings from your Roth IRA because withdrawing contributions isn't taxable. Also, if you have an exception to the penalty, such as higher education expenses, document it on Form 5329. Step 5
Where to Claim the Tax Deduction. Report your tax deductible IRA contribution directly on the first page of Form 1040 or Form 1040A. You don't need to itemize to report this deduction.1  2014 Form 1040A: Line 17. 2  2014 Form 1040: Line 32.ou can contribute funds to your traditional or Roth IRA at any time during the calendar year, and you can make contributions to an IRA by the first deadline for your tax return without any extensions.