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Asked 2/12/2008

IRA Contribution Adjustments

I stated a job in July 2007 that has a 401K and retirement benefits. Prior to that I had been making regular deposits in my IRA account. I am 60 years old and have deposited $2,800 in my IRA and $1,981 in the company IRA (which is matched up to 50%). The retirement account at the company is currenly worth $2,100.

Can I deduct any of the $2,800 that I put into the IRA?

 
 
 
 
 
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