designated nondeductible contribution
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “designated nondeductible contribution” means any contribution to an individual retirement plan for the taxable year which is designated (in such manner as the Secretary may prescribe) as a contribution for which a deduction is not allowable under section 219.
Source
- 1994–present26 U.S.C. § 408Internal Revenue Code · Individual retirement accounts · for purposes of this section