Skip to main content
Level 2
March 22, 2022
Question

IRA deduction

  • March 22, 2022
  • 1 reply
  • 7 views

Does Proseries basic have a calculator to determine maximum traditional IRA deduction

This topic has been closed for replies.

1 reply

dascpa
Level 11
March 22, 2022

No.  But it's easy enough with the IRA worksheet.  Enter $6,000 or $7,000 depending upon age and see if any is considered nondeductible.  That will tell you the max deductible amount and you can change the input to that number if the taxpayer funds it.  Similar for Roth.  For the future, please use the "Where Do I enter" button on all screens to search for items like this.  It'll save you a ton of time.

Just-Lisa-Now-
Intuit Community Champion
March 22, 2022
I use WDIE more than I use CTRL+F
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪