Greta
Level 9
07-11-2020
03:20 PM
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The excess $1000 IRA was nondeductible only because it was $1000 more than client's earned income. He wasn't allowed to make a contribution higher than his earned income. I don't see how that would make his other IRA w/d less taxable by $1000. Please go over it with me one more time 🙂