If I enter total of Box 1 into Box 2, it shows I owe a payment.
If I leave Box 2 blank, it reduces my payment to $0.
When I went to the Final Review, it brought up that if I made an IRA contribution, I could reduce my payment amount. I punched in scenario numbers to ID what would bring to zero. Now, its saying my income is over the MAGI while being covered by a 401K at work. Is that correct? Why didn't TT flag that when it dangled the contribution option?
Text on the page is as follows:
Tell Us How Much You Contributed
Enter the total amount you put into a traditional IRA for 2022, even if you later transferred some or all of it to a Roth IRA.
Your total 2022 traditional IRA contributions: (Box 1 to enter amount here)
Tell us how much of the above total contribution for 2022 you contributed between January 1, 2023 and April 18, 2023 (Box 2 to enter amount here)
