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Retirement tax questions
You can't make any IRA contributions (Roth or traditional) unless you have compensation from working. This is usually defined as wages reported on a W-2 in box 1, or net self-employment income from schedule C.
I'm not clear on how you have zero income but a $241,000 MAGI. Can you explain more about your situation?
Do you or your spouse have any income that is compensation from working?
If you did a conversion to a Roth IRA, conversions are not contributions, they are separate, and you should not enter a conversion in the contribution section.
2 weeks ago