From: juanb@vnet.ibm.com
Subject: Can IRA contribution be deductible even with SEP-IRA or 401K?
Date: Thu, 9 Mar 00 09:33:35 EST
Previous Article (by Date): Re: Self-directed IRA Trustees? Jeff Salisbury
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I was under the assumption that if you were covered at work by a deferred compensation plan like a 401K or SEP-IRA, that you couldn't make a deductible contribution to an IRA. However, when doing my parents taxes with Kiplinger's Taxcut, it gave my mother the deduction even though she has a SEP-IRA plan at work. Is there some earnings check done as well to determine if it can be deductible? Been trying to access the IRS site, but having no luck at work getting out of the firewall :( Thanks, Juan - -
Previous Article (by Date): Re: Self-directed IRA Trustees? Jeff Salisbury
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