See #3 and #4 of Champ macuser_22's reply above - TurboTax will limit your deduction if any of the following are true.
1) Box 13 (retirement plan) on your (or spouses) W-2 is checked,
2) Box 12 on your (or spouses) W-2 contains codes D, E, F, S, or AA/,
3) You answered “yes” to the “Are you covered by a Retirement Plan at work” in the interview, - If this is not the case, go back through the IRA deduction questions and update your answers
4) You have a self-employed retirement plan (see below).
If you have self-employment income, you can contribute a certain amount of the profits from your business to special retirement accounts for you and your employees. Your contributions are tax-deductible. The types of self-employed retirement plans are:
- a qualified pension plan,
- a Keogh,
- a SEP,
- a SIMPLE,
- a 401(k), or
- a 403(b).
To enter contributions to self-employed retirement plans:
- Open your tax return.
- Click on Business (top menu)
- Click on Business Income & Expenses (top menu)
- Scroll to Other Business Situations
- Click Revisit/Start next to Self-Employed Retirement Plans
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