If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

posted

Connect with an expert

1 Best answer

Accepted Solutions

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

Adding to SEP will make ineligible

View solution in original post

2 Replies

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

Adding to SEP will make ineligible

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

A regular personal traditional IRA contribution is entered under Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions. If you make no entries indicating that you are covered by a workplace retirement plan, TurboTax will automatically treat the regular personal traditional IRA contribution as deductible unless you tell TurboTax to do otherwise.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

Do you have an Intuit account?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

If I am self employed not covered by a retirement plan, my MAGI is over 74K, I should be able to deduct my IRA contribution but don't see that option. where do I go?

Unlock tailored help options in your account.

Get more help

Related Content