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Retirement tax questions
You may contribute to a 401(k) plan only if your employer has a 401(k) plan set up for the employees. Otherwise, you cannot set up your own 401(k) plan unless you are self-employed (the so-called solo 401(k)).
It sounds like you have contributed to a traditional IRA account. Read the Form 5498, what does the form say? Is it an IRA account?
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‎April 13, 2022
8:18 PM