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Level 3
March 9, 2024
Solved

IRA deduction in Sch CA Form 540

  • March 9, 2024
  • 1 reply
  • 10 views

IRA deduction is allowed in Form 1040 but is being adjusted and added back to income in the Form 540 return. It is shown as an adjustment in Sch CA ( 540) line 20. Why?

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Best answer by Just-Lisa-Now-

How old are they?   CA didnt conform when IRS took away the age limit, so if theyre over 70? CA will add it back.

1 reply

Just-Lisa-Now-
Intuit Community Champion
March 10, 2024

How old are they?   CA didnt conform when IRS took away the age limit, so if theyre over 70? CA will add it back.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
ramras_8Author
Level 3
March 10, 2024

Thank You.