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Retirement tax questions
Thank you for the reply. This is helpful and it highlights some things that I was perhaps forgetting about. From my understanding, the money was put into a traditional IRA because the initial distribution limits were higher allowing me to put all of it into a single account. This was done even though the plan was to pay taxes on it. Also, I cannot remember exactly but I believe the check was in my name. But I never deposited it into my personal bank account. It was given to my financial consultant to open the IRA account for me.
So I guess the question is what part of the form takes precedent or does it not matter because there are multiple errors here?
‎April 4, 2020
8:59 PM