HR-CPA
Level 2
03-14-2021
04:34 PM
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rbynaker
Level 14
03-14-2021
04:55 PM
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If you're filing Schedule A you are not allowed an above-the-line deduction for contributions.
HR-CPA
Level 2
03-14-2021
05:03 PM
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Yes, this is true (and I figured someone would point that out). However, this is not necessarily true at the state level. And, it was messing with the way I reconcile my individual returns. I thought it was odd, although probably not a big deal for most folks.