Ignoring the limits, am I allowed to take a deduction for the cash I contributed that was already taxed? Husband was participating in a 401K during 2012 but passed away. I took $5000 out of pocket cash and contributed it to my traditional IRA. Should I file form 8606 with the amount as nondeductible for my records for when I take a distribution then allocate the taxable and nontaxable amount? Or can a deduction be made.