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Deductions & credits
The amounts you can contribute are limited by the amount of business income earned. Is it possible you did not earn enough for you to contribute the full $38,000?
Did TurboTax allow a partial deduction? If so, this could be what is happening. In that scenario, you have until April 15, 2020 to withdraw any "excess" that you contributed without consequence.
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‎February 4, 2020
12:33 PM