debjlala
New Member

Can pension income on a 1099-R without any income from a W2 be used to contribute to a traditional IRA for tax credit?

Turbo tax software lets me get tax credit in a traditional IRA of approx. 500.00 but I only have income from a pension plan on a 1099-R and I have conflicting information that you have to have income from W-2 income.  Am I able to use 1099-R income to contribute to IRA and receive tax credit?