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Level 5
March 26, 2021
Question

Traditional IRA deduction

I have a client that is making a 5000.00 Traditional IRA contribution, but ProSeries is considering it to be a non deductible contribution. The AGI is in the limits for the deduction, I have to over ride the program for the deduction. I am afraid the return will get rejected because of the over ride. Is this another glitch in the Pro Series calculations??

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3 replies

Just-Lisa-Now-
Intuit Community Champion
March 26, 2021

Must be some other reason its not allowing it...scroll down the IRA contributions worksheet to the calculations.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Accountant-Man
Level 13
March 26, 2021

You night be wrong about its deductibility.

** I am "Elevating with Intention!"
qbteachmt
Level 15
March 26, 2021

"The AGI is in the limits for the deduction"

What about Earnings?

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