Question: David, age 6 0 and single, earned a $ 2 0 0 , 0 0 0 capital gain ( AGI ) selling artwork purchased 1

David, age 60 and single, earned a $200,000 capital gain (AGI) selling artwork purchased 10 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 $8,000 deductible contribution to a Roth IRA.
David can make a $8,000 deductible contribution to a traditional IRA.
David can make a $8,000 nondeductible contribution to a Roth IRA.
David cannot make an IRA contribution.

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