I have a couple of questions re 2016 federal taxes-MFJ
Because of a one time event our (M)AGI will be 150,000.
DH is Not covered by a retirement plan, so his TIRA contribution will be deductible. Correct?
DW is covered by a retirement plan, she would be able to contribute to a Roth (front door), Correct?
We also have a rental property with a loss for 2016 of $4,000. This loss get carried over to a future year when (M)AGI is below $100,000. Correct?
Best guess for 2017 is our (M)AGI will be less then $80,000.