AlexanderS08
Expert Alumni

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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