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Retirement tax questions
Working on my 2019 taxes with Turbo Tax filing as single...
I turned 70.5 in 2019, retired and earned less than $5K on some part-time work. I was told I can invest the equivalent amount I earned into my Roth as it's less than $7K.
But TT tells me my AGI is more than the $137K max and have to reverse the deposit or incur penalty.
Responses please. Thank you.
February 8, 2020
7:19 PM