Mybesttaxservic
Level 4
02-23-2020
09:10 PM
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My client received form 5498 IRA contribution information of tax year 2018 (box 1: $5500 and box 7: plan type IRA only) . Is there anyway to determine it is traditional IRA or Roth?
If it is traditional IRA and not IRA deductible because subject of threshold AGI, does client have to convert to ROTH /other retirement plan or distribution?
If it is traditional IRA and not IRA deductible because subject of threshold AGI, does client have to convert to ROTH /other retirement plan or distribution?
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