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Understanding ProConnect Tax diagnostics ref. 7663 and ref. 7667

by Intuit Updated 1 year ago

ProConnect Tax 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.

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