stephanie2
Level 2

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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