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Money in brokerage account counted towards AGI?
I am receiving conflicting answers in regards to putting some of my income in a brokerage account.
1. Hypothetically if my total income is $100,000 and I put $30,000 into a brokerage account do I pay federal taxes on the original $100,000 or do I pay taxes based on $70,000?
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‎September 21, 2020
4:17 PM