Level 15
02-16-2024
10:56 AM
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Will need the dates your client made the transactions. the process is, he will make a contribution to a nondeductible traditionally IRA (to give him a basis) He will receive a 1099R for taking from the traditional IRA and Recharacterizing to a ROTH. Keep in mind that if he already has a nondeductible traditional IRA it will not give him the outcome he thinks.