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You will get Form 1099-R from the IRA administrator. You will report this as income on line 15 of Form 1040. If any taxes are withheld, report on line 64 of Form 1040. You may also need to file Form 5329 to report tax on early withdrawals, excess contributions, and insufficient distributions.
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.