Lance is single and has a traditional IRA into which he has made deductible contributions for several

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Lance is single and has a traditional IRA into which he has made deductible contributions for several years. This year he changed employers and is now an active participant in his employer’s pension plan. His AGI is $80,000. He wants to make a nondeductible contribution to his IRA in the current year. What advice would you give Lance?
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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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