Thank you so much AnnetteB6 for your advice in simple easy language, and clear instructions.
I use Turbotax, and from the past I remember that it would ask me for the balance amount on the traditional IRA account on the 31st of December of the tax year. I would look at the year end statement from the broker and get that balance amount.
Now, in my case, when I make the 7K traditional contribution for 2024 today (on 4.10.25), should I enter '0' or '7000' for the 'balance amount on traditional IRA account on 31st Dec 2024'? Or, is this question not even going to come up?
Thanks again for all your help. I so appreciate this and am thankful for this forum.
