CA IRA

[Bob Bobbe]

Per the Big Book:

"For tax years 1996 and after, California law is the same as federal law for IRA deductions – except California did not adopt

the higher federal phaseout amounts applicable to qualified plan participants starting in 2007 and through 2009, and as of

2020 does not allow a deduction for IRA contributions made once the IRA owner reaches age 70-1/2."

Is that still correct?

Bob B.

[Lee Reams]

The BB is correct related to both outhouse issues.

Lee

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	Lee Reams Sr., BSME, EA Chief Content Officer CountingWorks Pro | CountingWorks | TaxBuzz | TaxCPE p: 1.800.442.2477 x240 w: www.countingworkspro.com/  e: lee....@countingworks.com
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[Bob Bobbe]

Thanks for that confirmation, Lee.

In that case, I have to file a 2023 540X. Drake could not tell me how to get the CA 540 to add $7,500 to FED Income. He checked the FTB site and could not find any reference to the over 70 1/2 non-conformity.

BTW: What is an "outhouse issue"? (My interpretation makes it sound bad.)

Bob B.

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