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Free File Program saying Roth IRA contribution is too high

I have put in my 1099-NEC income of $14,610, but it says I can't contribute anything to my Roth IRA because my income is 0.

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1 Best answer

Accepted Solutions
dmertz
Level 15

Free File Program saying Roth IRA contribution is too high

Delete any previously entered Forms 1099-NEC, then enter the Forms 1099-NEC under Self-employment income and expenses (under the corresponding spouse's business if married filing jointly).

 

Do not enter Forms 1099-NEC under Other Common Income.  Entering under Other Common Income doesn't work at all.

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3 Replies

Free File Program saying Roth IRA contribution is too high

Do you have a Net Profit on Schedule C after expenses?  Did you get a Schedule C?

Free File Program saying Roth IRA contribution is too high

Yes I have a net profit. No I do not have a Schedule C, what is that?

dmertz
Level 15

Free File Program saying Roth IRA contribution is too high

Delete any previously entered Forms 1099-NEC, then enter the Forms 1099-NEC under Self-employment income and expenses (under the corresponding spouse's business if married filing jointly).

 

Do not enter Forms 1099-NEC under Other Common Income.  Entering under Other Common Income doesn't work at all.

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