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Retirement tax questions
I guess the main thing I'm concerned & confused about, is how the original parent's $1000 IRA seed is treated.
....or how it was supposed to be treated at the time that original seed-IRA was created.
Like, did you have other earned (job) income in the year the original seed-IRA was created....and how was that contribution reported that year?
OR maybe I'm just complicating the situation more than needed.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎September 17, 2022
8:20 AM