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Excess Roth IRA Contribution
Doing my son's taxes. He had $1,111 of other earned income in 2020 (from a 1099-NEC, confirmed on Line 11 of the 1040), but the program is telling me that his earned income is zero when I try to set up a Roth IRA contribution of $1,000. His standard deduction is $1,100 (Line 12) so his taxable income is $11.
Thanks!
March 20, 2021
1:13 PM