rrelick
Returning Member

Deductions & credits

Thanks for the latest reply.  My self employed gross income was $50,000.  My self employed net income was $11,000.  Still not clear with this since contributing $7,000 is less than my net income of $7000.

Again is it not either $6,000 or $7,000 max.  So where does the extra $500 come from causing a max of $6,500 according to TurboTax?