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$220 of your wife's traditional IRA contribution is deductible because your MAGI of around $227,660 is in the phase-out range for deductibility of her contribution.
Because you, not your wife, is the one covered by the workplace retirement plan, your phase-out range in must lower, well below your MAGI.
When TurboTax indicates that no more than $220 can be elected to be made nondeductible, TurboTax is referring to the amount that would otherwise be deductible.
Thanks.
My wife does not work so she has no workplace plan. And I am filing jointly.
What should i do now? I have already moved all of the traditional IRA contribution to a Roth through back door conversion.
thanks
Simply choose to make nondeductible the $220 that would otherwise be deductible.
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