Re: Traditional IRA deduction

Brainstrom · ‎03-26-2021

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??

Just-Lisa-Now- · ‎03-26-2021

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

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Accountant-Man · ‎03-26-2021

You night be wrong about its deductibility.

** I'm still a champion... of the world! Even without The Lounge.

qbteachmt · ‎03-26-2021

"The AGI is in the limits for the deduction"

What about Earnings?

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Traditional IRA deduction

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