itonewbie
Level 15
04-05-2020
11:01 AM
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Agree. That's the way to look at it. So long as the taxpayer has sufficient earned income (forget about the Code U distribution, which is not), the client can make IRA contribution. Whether it's deductible would depend on whether the taxpayer is an active participant and the MAGI.
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Still an AllStar
Still an AllStar