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1/25/2018 7:38:29 AM
Posted: 2/14/2006 2:49:55 PM EST
I have a question about IRAs. I did not contribute to a retirement plan (401k) at work, so shouldn't my IRA in 05 be deductable?
Link Posted: 2/14/2006 2:52:03 PM EST
Yes.
Link Posted: 2/14/2006 2:53:24 PM EST
Conventional or Roth? If conventional it should be deductible..I didn't know contributing to a 401k made a difference
Link Posted: 2/14/2006 2:57:45 PM EST
There is an income limitation for the deduction. Use computer software or read the instructions to the manual forms. They are all downloadable from www.irs.gov
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