Understanding Lacerte diagnostics ref. 7663 and ref. 7667

Lacerte will disallow an IRA Deduction if the Modified Adjusted Gross Income (MAGI) is more than the current limit. The diagnostics state:

• The taxpayer's (or spouse's) traditional IRA deduction was disallowed due to modified adjusted gross income in excess of the threshold amount. (ref. #7663) (ref. 7667)

See IRS Publication 590-A for full details.