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Level 3
March 3, 2021
Question

WHY IS CA IRA DEDUCTION DISALLOWED? TOTAL INCOME CA $25K. SELF EMPLOYED WITH NET INCOME.

  • March 3, 2021
  • 1 reply
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1 reply

abctax55
Level 15
March 3, 2021

Based on your limited details, it shouldn't be.

HumanKind... Be Both
GG1Author
Level 3
March 3, 2021

Thanks. Further detail: single, no retirement plan other than SEP-IRA. Net business income $3100.

UI $18k, SS $28k $2500 taxable. CA resident many years. what else would affect this?

abctax55
Level 15
March 3, 2021

How old is the client?

HumanKind... Be Both