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How can I know if my family is qualified for the back-door IRA and how to make that happen?
The banker which is helping to set up the back-door IRA asked us to check with the accountants that to review our Form 1040 to understand if we are qualified to set up the back-door IRA.
Which number(line) and place where we should look from Form 1040 to know if we are qualified for the setup? What is the threshold for the back-door IRA to allow setting up?
‎October 30, 2024
2:46 PM