Are you currently or thinking about completing a Backdoor Roth IRA Conversion? In theory, it's a simple and effective financial transaction. However, there are 3 important tips you need to be aware of. Reporting on tax form 8606 Aggregation Rules Steps Transaction Doctrine ... ( read more )
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If you're thinking of starting a conversion to a Backdoor Roth IRA, there are a few things you need to take into consideration before you do so. This process can involve a bit of paperwork and can get confusing at times. However, if you follow the right tips and advice, the conversion process can be more seamless and effective. In this article, we'll share three backdoor Roth IRA conversion tips that will help you complete your conversion in good order. 1. Understand the requirements Before you start the con...
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