My income is 106,000 before taxes. Filing Jointly, stay at home spouse, so total income is 106,000.
I sold some individual stocks this year with gains of 6300 and one with a loss of 2600 which is a total of 3700 gains.
My 401K contributions will end the year with 8500.
Where does this leave me with wanting to max out an tIRA before the end of the year for both me and my unemployed spouse?
Is it 106,000 (income) + 3700 (capital gains - capital losses) - 8500 (401k) = 101,200? and if so, that puts me above the 98,000 full deductibility limit for a tIRA, should I wait until next year to contribute to tIRA in this case?