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I am still trying to sort this out for my own purposes; but I do believe, while it would be deductible on your 1040, you would still need to pay self-employment tax on your net earnings, which would need to be at least $6k to contribute $6k. *But don't quote me* Hopefully someone with more expertise will respond.
Request IRS Pub 560

Also, these were helpful for me:
www.johnecpa.com/Simple.html
www.valuedesign.com/HRforms/IRSnotice97-6.htm

LeRoy
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