Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Re: If client has a MAGI over $125,000 from pensions and investments, and has a small business, is he still allowed an IRA deduction?
If client has a MAGI over $125,000 from pensions and investments, and has a small business, is he still allowed an IRA deduction?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
newtoyou
Level 1
03-01-2022
07:54 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
2 Comments 2
qbteachmt
Level 15
03-01-2022
02:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"and has a small business, is he still allowed an IRA deduction"
How small is Small? Is that already in the MAGI? Is there an SEP plan? The IRS has some great resources:
A helpful suggestion: Next time you start a topic, it would be helpful to use the Title for Title, and put the content in the input panel.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
