Question: David, age 6 0 and single, earned a $ 2 0 0 , 0 0 0 capital gain ( AGI ) selling artwork purchased 1
David, age and single, earned a $ capital gain AGI selling artwork purchased years ago. He is retired, has no other income, and does not participate in an employer's qualified retirement plan. Which of the following is TRUE for the current year?
Group of answer choices
David can make a $ deductible contribution to a Roth IRA.
David can make a $ deductible contribution to a traditional IRA.
David can make a $ nondeductible contribution to a Roth IRA.
David cannot make an IRA contribution.
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