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Get your taxes done using TurboTax
We have reviewed the token return you provided. Schedule 1 Line 20 reports $7,500 for the deductible IRA contribution by your spouse (also on Form 1040 Line 10). The IRA Contribution Worksheet shows both contributions, but the taxpayer contribution is marked as non-deductible on Line 13. This is also reported on Form 8606. Your return does not appear to have understated your taxable income.
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‎April 25, 2024
6:20 AM