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Do you have any income? You need earned income from W2 wages or a Net Profit on Schedule C for self employment income.
I have taxable fellowship stipend income. Pub 590-a states that certain non tuition stipend payments not reported on W2 are treated as taxable compensation for this purpose. My stipend is taxable.
You are correct pub 590-A does state that taxable stipend income is allowed for the contribution. I was able to get the traditional IRA deduction. Follow these steps:
You can now go to the deductions section and enter your IRA.
Thanks so much!
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