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Received a W-2 in 2021 after retiring in 2020. How can I configure Turbotax to allow an IRS contribution in 2021?
I retired at the end of 2020. I received a W-2 with the retirement package income in 2021. I am trying to see if I am allowed an IRA contribution in 2021, but Turbotax tells me that I do not qualify. A financial planner told me I was allowed to make an IRA contribution for myself and my wife as long as neither one of us was covered by a retirement plan. How can I configure Turbotax to allow me to enter that deduction?
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‎February 5, 2022
7:54 AM