Nick, age 53, is single and has AGI of $67,000. He contributes $5,000 to his IRA in
Question:
Nick, age 53, is single and has AGI of $67,000. He contributes $5,000 to his IRA in 2018.
a. How much can Nick deduct if he is not covered by an employer-sponsored qualified retirement plan?
b. How much can Nick deduct if he is covered by an employer-sponsored qualified retirement plan?
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a 5000 No phaseout when he is not covere...View the full answer
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Related Book For 
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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