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Retirement tax questions
You misunderstand what TurboTax is telling you. "Income Too High To Deduct an IRA Contribution" means only that. It is not saying that you are ineligible to contribute, only that you are ineligible to deduct the contribution. Under these circumstances, TurboTax places the amount on line 1 of Form 8606 as required.
‎April 7, 2024
4:36 AM