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Form 5305 R Rev March Fill in Capable Roth Individual Retirement Trust Account

Form 5305 R Rev March Fill in Capable Roth Individual Retirement Trust Account

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so in this video I'm going to guide you step by step on how to complete IRS form 8606 which is the form you need to fill out with your tax return if you did a back to Roth IRA in the previous year and to do this we're first going to go over some important characteristics about the Roth IRA so we can fully understand how these facts affect the way you'd fill out this form and then we're want to fill out this form together but before we continue here's a quick disclaimer I'm not a financial adviser or tax professional and this video is made for educational and entertainment purposes only please consult with your licensed Financial tax professional if you have questions about doing a backdoor Roth IRA or completing IRS form 8606 so the Roth IRA is one of the best accounts to save for retirement because of its tax advantages when you contribute money to a Roth IRA you do so in an after tax fashion meaning that you are contributing dollars tha

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