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Retirement tax questions
Yes, you are considered "covered by a plan at work". Participation in a solo 401k plan may affect your ability to deduct a traditional IRA contribution; as a result, you may have to treat it as non-deductible IRA contribution.
Use the table in the link below to determine if your modified AGI affects the amount of your IRA deduction.
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March 10, 2022
7:35 AM
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