jhill66
Returning Member

Form 8880

I'm stumped. I believe I am entitled to claim a savings credit on Form 8880. Turbotax says I do not qualify. There is no worksheet to review or analyze in Turbotax. On the IRS website, the retirement savings calculator indicates I am entitled to the credit. I think I meet the basic qualifications (over 18, not a student, not a dependent). I made a 2020 contribution to my Roth IRA. The amount of the contribution exceeds the distributions taken in the last 2 years (by my wife, we file a joint return). I have taxable income (line 18, 1040) which exceeds the amount of the credit I am estimating to be received. I have taken a look at many posts on this topic and the normal replies ( --no taxable income -- tax due is all Sch SE self employment tax-- distributions taken in prior years exceeds contribution amount) don't seem to apply to my situation.  Normally I can dig into the worksheets and figure out a data entry error but no worksheet when the software indicates you do not qualify. Anyone have any thoughts?