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Understanding ProConnect Tax diagnostics ref. 7663 and ref. 7667
by Intuit• Updated 11 months 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.