Here's the problem. My wife and I file jointly. We're mostly retired although she has a part-time job that paid her about $5,500 last year. On the advice of a financial adviser, we each added $2,500 to our Roth IRAs. Turbo-Tax insists that is far more than we were entitled to and won't allow us to complete the return.Our only other income for 2002 was her pension, Social Security and a paltry return on investments.I was under the impression we could contribute up to the total of her earned income. Turbo-Tax says no.Who's right?Since you are receiving a pension and Social Security, it's probably safe to assume you are both over age 50. Your maximum IRA contribution for 2002 would be the lesser of $7000 or earned income. I can think of several reasons (other than a program bug) why TurboTax might be holding up your return:1) If your wife's earnings are Schedule C earnings, your contribution will be limited by net business income, not gross income.2) Your AGI is too high for Roth IRA contributions (not likely)3) You (or wife) are over age 70 1/2 and you didn't identify IRA contribution as a Roth contribution (contributions to traditional IRAs are prohibited if too old)Ira
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