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Subject:  Re: IRA Deduction On Form 1040 Date:  9/20/2005  11:00 PM
Author:  financeguy82 Number:  80799 of 129299

While reading one of the tax-related articles, I came across this paragraph:

"Don't report too much wage income: If you participate in a deferred-compensation plan at your place of employment -- 401(k), 403(b), etc. --remember to report as wages only the amount reported to you in Box 1 of your W-2 form. Don't report the salary that you actually earned."

If I read this correctly, does that mean that I don't have to fill out the IRA deduction line on the 1040? We don't have to report the 401K contributions as wages/salaries?

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