Just want to be sure I am calculating this correctly: AGI (line 37 from 1040) and add back student loan int, half the se tax (wife is se), rental loss, and ira contributions? If i didn't take a loss on my rental I assume I don't add it back? I am trying to get to the point where I can figure out how much I can contribute to the tIRA. I think our magi will be within range to take a partial deduction.
agi: 91k (15k is net from wife SE)
se tax: 700
rental: 1k to the good (no loss)
student loan: 800
ira: 5500 (my name - working with 401k offered at work. Wife is SE).
From here I can just use the ira deduction worksheet to figure out the total we could contribute for the max deduction?
thanks.
