brenda4672
Level 3
05-11-2021
10:38 AM
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If MFJ and household income in above 133K but spouse earned income is low,(2000) and collects social security can taxpayer still make a deductible spousal contribution?
I said yes, the tax deductible contribution can be made and I have entered this into the IRA worksheet, and there are no errors reported, but the clients financial advisor is insisting that because of the household income it cannot be done. This makes a significant difference in the refund. What should I do?
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