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June 5, 2019
Solved

My wife has a job where she is covered by a pension, but earns about as much from a consulting business on the side. Can she deduct contributions to her traditional IRA?

  • June 5, 2019
  • 1 reply
  • 0 views

If so, how do I answer TT's question about whether she is covered at work?

Best answer by MichaelDC

Answer "YES". She is covered at work. She still may be able to deduct contributions to her traditional IRA, but the will be a function of your combined incomes. TurboTax will make the calculation for you.

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.


1 reply

MichaelDCAnswer
Employee
June 5, 2019

Answer "YES". She is covered at work. She still may be able to deduct contributions to her traditional IRA, but the will be a function of your combined incomes. TurboTax will make the calculation for you.

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.