The Turbo Tax questionnaire says that my son cannot contribute to an IRA since all of his income is categorized as "Other Income" (Schedule 1 - Line 8z). He has a full scholarship and a monthly stipend (the "Other Income") for Grad School. I spoke with the IRS and they agree that he can contribute per Publication 590-A. However, the software includes a penalty when he includes the contribution. Any thoughts? Thanks!
