You'll need to sign in or create an account to connect with an expert.
A deductible loss reduces the income used to qualify for a deductible IRA contribution ... review your entire return carefully and the IRA contribution section to get a notice why it is no longer deductible.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
anon30
Level 3
Jordan40
Level 1
BZ10
New Member
singhlalita
New Member
peggles0224
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.