mybesttaxservic e1
Level 3
02-24-2020
08:00 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you Champion
I am preparing for TY 2018
Yes, I agreed that client should know
On form 5498 did not state kind of IRA
I just dont know if it is traditional IRA then the taxpayer must convert to ROTH or other retirement plan because no IRA contribution deduction due to threshold AGI
I made research it looks like to keep traditional IRA and no penalty even no tax advantage
Thanks
Thank