I will the scenario through TurboTax first and if it looks eligible, will ask my IRA custodian to recharacterize the $2280 and make sure he understands the natu...
Yes...TurboTax determined that $4720 of the $7000 contribution was the maximum deduction I could take because I am covered by a 401K workplace retirement plan. ...
Thank you dmertz for clearly explaining my options. I am filing jointly with my wife and am over 59 1/2 - it sounds like a lot of effort to back out that $2280 ...
