mj46
Level 3
03-23-2022
08:38 AM
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I had no intention of reporting the Roth as a contribution until I read the diagnostics in Lacerte telling me to do that. Something doesn't seem right about this whole transaction. They sold a 3-family in 2021 so their income was nearly $300,000, covered by pension plans at work. Their AGI would disqualify them from contributing to either a traditional or a Roth. Is this ok? Do I just ignore the diagnostic since it is not a critical diagnostic?