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Alias Born | 06/16/2021 |
Monday, January 17, 2022 10:57:20 AM
The Regular IRA proceeds will be taxed at the ordinary tax rate (after deductions).
Hopefully, you have quite a few deductions and/or didn't push yourself into another tax bracket.
A CPA can help, but I think you have until October to move it back and/or reclassify the proceeds if it's a problem.
I don't think there's anything that was done here that can't be undone.
Everything stated is pure fiction and totally my opinion with no due diligence done. Please treat as such.
Peace and Love to all!
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