chrisjsutton
Returning Member

Retirement tax questions

Hi @macuser_22  thank you for the help. I followed the steps but for some reason I am still not seeing the desired effect, 4b is still showing $6000. When I go to wrap up my taxes and it shows me a summary I get the following messages:

 

"Income too high to deduct an IRA contribution"

 

Then I get the following table breakdown:

 

Retirement Income Results

Traditional and Roth IRA Distributions  [Total = 6000, Taxable = 6000]

Pension and annuity distributions [Total = 0, taxable = 0]

 

IRA Contribution Results

Traditional IRA Contributions [Total Contribution = 6000, Amount Deductible = 0]

Roth IRA Contributions [Total Contribution = 0, Amount Deductible = 0]

 

Any suggestions on where the issue might be? Thank you again!