Jacob Patterson cannot make a fully deductible $5,500 IRA con- tribution because his AGI exceeds the phaseout
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Jacob Patterson cannot make a fully deductible $5,500 IRA con- tribution because his AGI exceeds the phaseout range. Instead, he makes a $3,500 nondeductible IRA contribution to his traditional IRA. Determine how Jacob reports this on his tax return, and complete the appropriate form that he should attach to his Form 1040. Research Problem
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Related Book For
Essentials Of Taxation Individuals And Business Entities 2019
ISBN: 9780357233290
1st Edition
Authors: William A Raabe, James C Young
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