Skip to main content
Level 2
July 1, 2021
Question

Traditional IRA contribution

  • July 1, 2021
  • 2 replies
  • 8 views

Husband and wife note covered by a retirement plan. Both 69. Have IRA contributions of $7,000 each. The return is showing these contributions as nondeductible. AGI is $302,000 - I did not think the IRA would be limited if not covered by a plan  

This topic has been closed for replies.

2 replies

PATAX
Level 12
July 1, 2021

Check the W2 worksheets and see if you checked the box for retirement plan...

Just-Lisa-Now-
Intuit Community Champion
July 1, 2021

They have earned income, right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪