Buy Back of Retirement Years

[Cathy]

I've search until my eyes are crossed.... I have a client who in 2012 bought back years into her retirement plan to the tune of
$50,000. Is this deductible in any way on her 2012 return? Since I haven't been able to find anything in my research, I'm thinking the $50,000 will be considered as the employees cost upon her retirement and will be taxed accordingly when she retires. Any takers?

Thanks!

Cathy

[jasdlm]

That is the way I have treated it in the past (if the buyback was done with after-tax dollars; I try to encourage clients to use IRA dollars to buyback if they have them).