@michtrack wrote:
None of the above solutions work for me.
I am self-employed, not covered by a retirement (but wife is). Our AGI is well below the $198,000, so I believe I should be getting the full deduction for my IRA (7000).
In the IRA questionnaire, the page saying "Retirement Plan Coverage" does not come up.
Instead, it tells me that both me and my wife are covered by a retirement plan at work, and that I can only deduct $1930.
In TurboTax, how do I change whether I am covered by a retirement plan at work? I have no W-2 form, and no SEP (I only have traditional IRA).
Covered by a retirement plan at work is usually indicated by box 13 on your W-2.
Make sure the W-2 (s) were entered for the correct spouse.
Make sure that the IRA contribution is for the correct spouse.
Check your W-2 box 12 also.
TurboTax makes that determination if any of the following are true:
1) Box 13 (retirement plan) on your (or spouses) W-2 is checked,
2) Box 12 on your (or spouses) W-2 contains codes D, E, F, S, or AA/
3) You answered “yes” to the “Are you covered by a Retirement Plan at work” in the interview.
4) You have a self-employed retirement plan.
Look at the "IRA Contribution Worksheet" line 10 and see if it is checked for you and the contribution is in the correct column for Taxpayer and Spouse.
**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.**
