Dear TurboTax Community,
I recently retired and 2022 is the first year of doing my taxes where I don't have income to report through a W2. I have a traditional IRA account and I have started withdrawing monthly dividends to cover my living expenses until I start taking social security. I also have annual income of dividends and interest from other non-IRA accounts.
I want to make a small contribution ($2,000) to my trad IRA in 2022 to supplement the cash balance in the account. However, when doing my taxes, TurboTax does not allow me to record my IRA contribution because it says I have no income. This is not entirely correct as I have dividend and interest income.
Is there a way to make a traditional IRA contribution without having W2 income? If so, how can it be done?
Any assistance is much appreciated?
