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.© BrainMass Inc. brainmass.com June 3, 2020, 9:21 pm ad1c9bdddf
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 ...
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?