- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Taxable scholarship for graduate student not counted for Roth IRA limit (excess contributions)
I received $7,800 in taxable scholarships last year and included them here:
However when I enter my $6500 roth contribution it says that it's an excessive contribution. My understanding is that the IRS allows this type of taxable scholarship to count towards Roth limits (after 2019).
I see other solutions to this problem apparently working on turbotax desktop, but on turbotax web I can't seem to solve the issue. To be clear, I marked that I was a full-time graduate student.
Thanks for the help!
-
Topics:
‎April 11, 2024
12:56 PM