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Thanks, I Googled it and from what I am reading, since they don't have any compensation, they are not entitled to a deduction.
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One of my clients contacted me and stated he had a retirement annuity that he makes a monthly payment to. On the paperwork, the Contract Plan Type is Individual...
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My client received a 1099-R for her deceased spouse with his SSN for 2023. It was for the amount still owed on a loan he took out against his 401k. There was no...
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