ira

[surfergirl17]

Turbo Tax won't allow me to deduct my ira contribution of $7,000 because somehow it has determined that my husband has a retirement plan at work.  He is self-employed, 72 yrs old and has a SEP that he no longer contributes to but does take the mandatory distributions.  How do I fix this in Turbo Tax? 

[ThomasM125]

You may have a Keogh/SEP worksheet in your program that was carried over from a previous year. If you delete it, it may result in your husband's business not being considered as having a retirement plan. You can see if the worksheet is in your program by using these menu tabs in TurboTax if working in the online program:

1. Tax tools (on the left menu bar)
2. Tools
3. Delete a form

Find the Keough/SEP Wks in the list and delete the form.