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Retirement tax questions
@mrbud wrote:
Thank you for your response! The problem is that even though our magi is less than $104K, Turbo tax does not show the full IRA deduction. Even with a SEP, married filing jointly should be able to deduct the full IRA contribution, if MAGI is less than $104K. Is this a bug?
What is on line 2 & 3 on that same worksheet?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 30, 2021
4:54 PM