Thank you for your clarification on 401k exclusion. I understand the concept of Form 8606. I have inserted different amounts in the valuation line to test resul...
Thank you. I have a question along the same lines. Should the 2024 year-end balance include 401K's? Also, I don't understand why the federal tax amount recalcul...
Thanks for your help. If I then sold the property after a year, and the real estate value has declined below the adjusted basis cost, is the loss deductible?
