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    Hi, I have a Rollover IRA and a money market IRA account. If I make contributions to bothe these accounts (transfer money into the IRA account from my checking account), what is the tax implication? Is it a good tax implication?

    Thanks.

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    https://brainmass.com/business/accounting/contributions-ira-178240

    Solution Preview

    With a transfer to the IRA (Includes rollover and money market) account directly from checking account, The receiving institution(IRA bank) sends a request to the disbursing ...

    Solution Summary

    The solution answers the question: If I make contributions to a rollover or money market IRA, (transfer money into the IRA account from my checking account), what is the tax implication?

    $2.19

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