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I need some advice on the details of opening an IRA. My wife and I both work, and our combined income for '97 will (probably) be just over $100,000. Neither of us are eligble for 401(k)'s in 1997, but both of us will be in 1998. Can we both open an IRA for 1997 and deposit $2,000 each into it before taxes, or will it be a non-deductable contribution? Thanks in advance for your help.
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