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Retirement tax questions
I don't qualify for an IRA Deduction (Income Limits) and hence i can't enter anything for IRA Deduction. I am not looking for one either.
The situation here is different. The contribution to Regular IRA is being made with after tax dollars. Hence, Turbotax should not be adding any more tax liability for contribution to Regular IRA.
The software is incorrectly assuming that the Roth IRA deduction has already been taken and adding tax liability.
‎February 28, 2021
11:19 AM