- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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!
‎February 16, 2020
3:47 PM