thx all for your help on this...I stripped out all of the 401K contributions, and the program allowed the traditional iras and deduction thereof. The Roth rollover was 179K (159K taxable) split between us two...so from schedule 1 earned business income is 69K from schedule C's, minus 2K other losses from business asset disposals, minus 27K (schedule E loss from a different partnership with K-1's) makes total of about 39K as income that they seem to base as "earned income" for calculating IRA earned income? (line 8 on 1040)? I thought only the Schedule C incomes were the "earned income", but not so?
From 1040 total income 202K, AGI 171K, taxable income 131K. Is the loss from schedule E reducing business income for purposes of qualifying income for IRA?
I want to maximize all retirement contributions so I don't want to miss the IRA, if I can help it, but i need to look at max total contributions possible (note, the trad IRA contribution does not need to be deductible). The Solo 401K I have has multiple buckets, Pre-tax 401K, after-tax Roth 401K, and voluntary after tax 401K.
Do you know of an online calculator that can calculate the optimum combination for max contribution taking into account the IRA earned income limitations, or how I can configure the contribution worksheet in turbo tax to do this? thx in advance
