You'll need to sign in or create an account to connect with an expert.
Probably not. Did you turn 70 1/2 in 2016 or will you in 2017?
If you have mandatory withdrawals, that means you have a Traditional IRA and are 70 1/2. You can no longer make Traditional IRA contributions in the year you turn 70 1/2.
If you turn 70 1/2 in 2017, you can make a Traditional IRA contribution for 2016 (by 4/18) if you still have earned income/ compensation.
Probably not. Did you turn 70 1/2 in 2016 or will you in 2017?
If you have mandatory withdrawals, that means you have a Traditional IRA and are 70 1/2. You can no longer make Traditional IRA contributions in the year you turn 70 1/2.
If you turn 70 1/2 in 2017, you can make a Traditional IRA contribution for 2016 (by 4/18) if you still have earned income/ compensation.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Sunny-641
New Member
sm_shinde
New Member
RC0857
New Member
msv1
Level 1
PAccisano
Level 2
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.