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#3
04-02-2005, 03:09 AM
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 Re: turbotax not providing IRA deduction for spouse - quote - > > > No, it sounds like GIGO. Probable source: "Retirement
Did your wife participate in a 401k> > > Plan" checked in box 13 of her input W-2. > > > > > If she wasn't covered by a plan and the W-2 says she was, > > > it's nice if you can get the employer to issue a corrected > > > W-2. With or without a corrected W-2, just leave it blank > > > on the input form and explain to the IRS if they inquire. > > That's not it Phil. I have indicated to TurboTax that > > neither of us participated in a retirement plan. -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
04-01-2005, 07:27 AM
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| Re: turbotax not providing IRA deduction for spouse - quote - > > No, it sounds like GIGO. Probable source: "Retirement
I guess you'll have to override.> > Plan" checked in box 13 of her input W-2. > > > If she wasn't covered by a plan and the W-2 says she was, > > it's nice if you can get the employer to issue a corrected > > W-2. With or without a corrected W-2, just leave it blank > > on the input form and explain to the IRS if they inquire. > That's not it Phil. I have indicated to TurboTax that > neither of us participated in a retirement plan. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
03-30-2005, 12:27 AM
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| Re: turbotax not providing IRA deduction for spouse Phil Marti wrote: - quote - > No, it sounds like GIGO. Probable source: "Retirement
That's not it Phil. I have indicated to TurboTax that> Plan" checked in box 13 of her input W-2. > If she wasn't covered by a plan and the W-2 says she was, > it's nice if you can get the employer to issue a corrected > W-2. With or without a corrected W-2, just leave it blank > on the input form and explain to the IRS if they inquire. neither of us participated in a retirement plan. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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03-27-2005, 10:42 AM
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| Re: turbotax not providing IRA deduction for spouse <runlikehell[at]gmail.com> wrote: - quote - > I'm using Turbotax on the Web this year as I have for the
No, it sounds like GIGO. Probable source: "Retirement> past few years. I'm running into a possible bug this year. > Turbotax allows my 3k traditional IRA contribution to be > deductible, but for some reason will not allow my spouse's > traditional IRA contribution to be deductible (even > partially). > The rules for the deduction are pretty clear cut, and we > satisfy them....neither myself nor my spouse participated in > any employer-sponsored retirement plan, we are both 32 years > old, and our combined earned income is well beyond $6000, so > we should each be allowed up to 3k deduction for traditional > IRA contribution. > Does it sound like a bug? Plan" checked in box 13 of her input W-2. If she wasn't covered by a plan and the W-2 says she was, it's nice if you can get the employer to issue a corrected W-2. With or without a corrected W-2, just leave it blank on the input form and explain to the IRS if they inquire. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-25-2005, 06:04 AM
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| turbotax not providing IRA deduction for spouse I'm using Turbotax on the Web this year as I have for the past few years. I'm running into a possible bug this year. Turbotax allows my 3k traditional IRA contribution to be deductible, but for some reason will not allow my spouse's traditional IRA contribution to be deductible (even partially). The rules for the deduction are pretty clear cut, and we satisfy them....neither myself nor my spouse participated in any employer-sponsored retirement plan, we are both 32 years old, and our combined earned income is well beyond $6000, so we should each be allowed up to 3k deduction for traditional IRA contribution. Does it sound like a bug? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduction, ira, providing, spouse, turbotax |
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