I am not being permitted to deduct my traditional ira because MAGI is $128,873 but we are NOT covered by a retirement plan at work. How do I fix this?

my traditional ira contribution should be deductible

200

1 Best answer

Expert Alumni

Apr 18, 2022 8:34:14 PM

If you have W-2 forms entered in TurboTax, make sure Box 13 Retirement Plan is not checked.

Expert Alumni

Apr 18, 2022 8:34:14 PM

If you have W-2 forms entered in TurboTax, make sure Box 13 Retirement Plan is not checked.

Level 15

Apr 18, 2022 11:08:57 PM

not having a retirement plan doesn't help you with the AGI limits for deducibility.

You either file Form 8606 or you ask the custodian to reverse that contribution.

New Member

Apr 18, 2022 11:42:44 PM

Perfect! That solved the problem, thank you!