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Get your taxes done using TurboTax
To begin, thank you for your initial response (on Spousal IRA).
My follow-up concerns are:
* Can we contribute (leave the already contributed $1000) to the "current, already opened, and with $1000 2022 contribution" Traditional IRA?
* Or do I need to open a brand new "Traditional IRA and designated it as the Spousal IRA"?
* Is a "Spousal IRA" a specific legal/IRS term and account? Or just an IRA for a "spouse"?
Basically, can I leave our existing $1000 in my spouse's Traditional IRA? Or do I need to move/transfer?
‎November 16, 2022
5:40 PM