Hi Bill,
***I am not clear on something - did you have other earned income besides this one W-2?
No, I did not have other earned income. I am a retiree and I thought if I took a part time job, I could put the income I earned in a tax sheltered 401K and also contribute to an IRA. Can you tell me if this is wrong thinking? It seems that since I put most of my earnings in the company 401k, that I am now only able to contribute to the amount showing in Block 1 of my W2, which is $1049? Also, I'm not sure how to correct the IRA overpayment? Any help would be most appreciated. Thank you in advance.
