stephanie2
Level 2
04-14-2026
04:01 PM
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I have a client who sold a rental property and is showing capital gains of $140K and has $60K of earned income. She asked me if she could contribute to a Traditional IRA, which I said that she was above the income limit to be deductible. I entered the $7K contribution and it is showing that it is fully deductible and isn't taking into account the capital gains. Should this be deductible or not?
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