DavinderSondhi
Level 1
11-18-2023
12:25 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am preparing a return for MFJ status for year 2022. and my client have following incomes Wages 185738 (taxpayer 71276, Spouse (Employer1 71923, Employer2 42538) , interest income 41, capital loss (-3000) and my client has contributed to IRA 6000 each for both him and his spouse and they both are covered under employer retirement plan .. Now my question is that Is IRA deduction of 12000 (6000 for him and 6000 for spouse) is still available for couple or not ? Because when i entered this figures in their sections in pro connect and IRA deduction is not showing in their Form 1040 line 10 and Sch-1 line 20 so please guide me.
Labels