I think I maybe missunderstood the TT reply. It says: Based on what you've entered you don't qualify for IRA deduction. Your IRA deduction is $0.I think it mean...
I removed all contributions to 401K solo and SEP IRA. My AGI is $89,983.00. My profit from business is $27,993. But Turbo Tax still states I cannot put any mone...
My question was a bit different.I put maximum amount for elective deferrals ($14,755 allowed by TurboTax) in Individual 401(k) plan on the Individual and Roth 4...
Thank you very much for your response.TurboTax says that I must withdraw the excess from the plan, or may have to pay penalty.Which option should I shoose for w...