Question
Roth IRA contribution determination
Hi,
I have a MFJ return, both are over 55 years old
taxpayer W2 wages $5300, Unemployment $20500
Spouse W2 wage $4427, Unemloyment $30500
I set Roth Maximum, but the Roth Determination sheet allocate $7000 contribution to tax payer
Only allocate $2727 to Spouse.
My question is, can I have them contribut to their W2 wages of $5300 and $4427.
So the total still$9727.
Is this ok to reallocate to $5300 v. $4427
