Fte Following Statements Made About the Phaseout of Deductible Contributions

fte following statements made about the phaseout of deductible contributions to IRAs are false, except:

A) If one spouse is a participant in a qualified plan for any part of the taxable year, the other spouse may not make deductible IRA contributions, even if the parties file joint returns.
B) A de minimis rule provides that a minimum deductible contribution may be made in the amount of $200 regardless of the amount of adjusted gross income.
C) fte income phaseout limits for making deductible IRA contributions do not apply if neither taxpayer nor taxpayer's spouse participates in a qualified employer-sponsored retirement plan.
D) If an individual is precluded from making deductible IRA contributions, such individual also may not roll over a distribution from a qualified plan on a tax-deferred basis.