On the “Retirement Accounts | Contributions” screen, should contributions to (a) a regular IRA and (b) a 401(k) be summed and entered together as an “individual deductible contribution”?
For example, in 2011, if (a) $1,000 will be deposited to a regular IRA and (b) $2,000 will be withheld from earnings and deposited to a 401(k) account, then should $3,000 be entered as the total amount for an "individual deductible contribution”?
Thank you.
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RSS
Yep.
Best,
Dick Munroe