sep and traditional

[ljwalters]

Can client put max in both sep and triditional ira if income allows. And will a large one half million dollar taxable sale of property which will change the AGI make the triditional IRA non deductable.

Client is expecting a K1 from the sale of property from a trust to hit her real hard tax wise. She is trying to shield as much as she can.

[Pacun]

She will not be able to deduct the traditional IRA because she is "covered on a retirement plan at work" and her income.