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Retirement tax questions
OK. Deleted the W-2. My income levels are not enough to invalidate any IRA deduction. Re-entered all the data from my W-2 manually. Turbotax still reports the error:
Traditional IRAs offer some great benefits, but they have restrictions too.
"Your wife" is not permitted to contribute more than the amount of your earned income. Learn More
Your traditional IRA contribution of $7000 is more than your earned income of zero. The difference of $7000 is considered an excess contribution. What can I do?
This is not OK. And this is not my fault or error. Stop making it out as though I have done something wrong.
‎January 25, 2021
2:55 PM