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Will someone (TMFPixy ?) please comment on the new (1998) Spousal IRA rules. I opened one for my not-working-outside-the-home wife and contributed the $2k for 1998. My accountant did not exclude this from taxable income because, he said, our joint AGI (~$123K) was too high. I was under the impression that the limiting AGI for joint returns was $150K before reductions in exclusion from taxable income kicked in.

Does anyone have an IRS pub number on this?

Thank very much. I'm continually impressed with the knowledge and information available on this board.

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