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Get your taxes done using TurboTax
Because of this behavior of the tax code.
when trying to remove the disallowed part of a contribution with earnings, you must also include an adjustment > 0 because otherwise your new MAGI will leave you still ineligible for some of the remaining contribution.
In your case, the allocable earning must be non-trivial.
‎July 4, 2024
3:51 PM