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PATAX
Level 12
October 20, 2022
Solved

IRA contribution and RMD in 2022

  • October 20, 2022
  • 1 reply
  • 5 views

Can a client who is semi-retired make a contribution to his IRA account, employer does not have pension plan, and deduct the IRA contribution in 2022, if the client is required to make an RMD (12K) from the same IRA in 2022. Thanks a lot, I appreciate it

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Best answer by IRonMaN

Since there is no age limit on contributions it sure sounds like that isn't an issue.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
October 20, 2022

Since there is no age limit on contributions it sure sounds like that isn't an issue.

Slava Ukraini!
PATAX
PATAXAuthor
Level 12
October 20, 2022

Thanks IronMan. That's what I thought. Client said he asked his broker and didn't get an adequate answer, so I thought maybe there's something for 2022.

IRonMaN
Level 15
October 20, 2022

You betcha!

Slava Ukraini!