Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (779)	3/18/1998 3:28:00 PM
From: posthumousone	Read Replies (1) of 5810

I have put the $2000 maximum in for non deductible IRA for for a few previous years. And a $2000 non deductible Roth IRA for this year. When I used Turbo Tax I noticed it filled out form 8606. I am not sure I have used those in the past (looking for them now) I have all my IRA statements showing whether they are ded or non ded. If I can't find the Old 8606 do I should I send them these statements? Hypothetically, say I have 2 jobs. A full time job that I contribute maximum $8000 to 457B (govt 401K like plan) and a part time job that offers a 401K plan. Can I contribute to both? My mom didn't have a 401K, but some type of profit sharing plan. She is retired now. Is there special tax consequences to profit sharing plans?

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