Is a contribution to a traditional IRA deductible on Line 32 of Form 1040 if it is also included in Box 12-D of the W2?

ANSWER

The BIDaWIZ Team's Answer:

Do you mean a simple IRA? That is what is reported on Box 12 with a code D on the W-2 Form. Separately, is this for an employee? If so, these amounts are already excluded from gross income and wouldn't be deductible on line 32 of the Form 1040. If this relates to the owner, they may be deductible on line 28. References: IRC Section 408(d)(3)(G); IRS Publication 560 State: OK