How to Save Thousands of Dollars in Taxes in 2024
Money Guy Show
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The Importance of Form 8606 for IRA Distributions
The number one mistake that we see made on tax returns year over year has to do with IRA distributions. Don't just trust what your custodian puts on the 1099s because if you'll notice a lot of custodians, even if you did a Roth conversion appropriately, they're going to say taxable amount not determined. The other thing that we want to draw your attention to is the IRA distribution line.
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