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Retirement tax questions
@Matthew_JS , you misunderstand the circumstances. The Adjusted Opening Balance is the $10,000 (not $17,000) account value immediately before the contribution plus the $7,000 contribution, a total of $17,000 (not $24,000). A $20,000 Adjusted Closing Balance therefore means that there was a gain of $3,000, a 17.647% gain.
Wednesday