Me and my spouse contributed to a traditional IRA to be bale to do a back door Roth IRA conversion due to our income limits.
My contribution works fine but for my wife there is an issue. When I do a review of my tax return, in the Traditional IRA contributions worksheet i see two lines:
Line 12- Deductible IRA contribution- 220
Line 13- Non deductible IRA contribution- 6280
And it says that I cannot make more than 220 non deductible.
I understand that this can probably be resolved if I enter 220 there. But my question is that how does it get to the 220 number (My spouse contributed 6500 in total for year 2023). It did not do anything like that for me when I contributed and reported it in the same way in Turbo tax.
I went to deductions and credits and entered as below:
How much did you contribute to traditional IRA- 6500
Did you change your mind- No
Any excess before 2023- No
Any non deductible contribution to IRA- No
Value of all traditional IRA at end 2023- 0
It said your income is too high to deduct
Next Page - Chose Not to deduct IRA contribution- You have 2023 deductible traditional IRA of 220.
How did it get this 220.
Next page- how much do you want to make non deductible. Should i say 220 instead of 6500?
Thanks,
