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Level 1

Can I do a $6500 non-deductable traditional IRA and then converted it to Roth IRA, Is it possible in turbotax?

I am 68 years old and only have an earned income of $4000. someone told me I can not contribute more than earned income in any IRA .

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Level 11

Can I do a $6500 non-deductable traditional IRA and then converted it to Roth IRA, Is it possible in turbotax?

You were informed correctly. IRA contributions can't exceed earned income for the same year.

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Level 11

Can I do a $6500 non-deductable traditional IRA and then converted it to Roth IRA, Is it possible in turbotax?

You were informed correctly. IRA contributions can't exceed earned income for the same year.