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Retirement tax questions
Here's the problem: I have enough earned income to provide for two IRA contributions ($14K, since we are over 50). My wife is disabled and has no earned income. Turbotax reports the error: "You are not allowed to deduct an IRA contribution because your income is 0". Turbotax removes my wife's contribution from our return and increases our AGI by $7K.
‎January 25, 2021
8:58 AM