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The story:

My wife quit working in 1997. She worked for two weeks at her previous employer in January 1998. It was for a limited time and assumed that she would be 1099'ed. We found out this January that they put her under a W2 (marked pension plan and deferred) and even contributed $74.00 to here 401K.

In 1998 assuming she was not covered by a pension plan we invested $1600 into her conventional IRA. I find out that I have to file out a form 8606 Nondeductible IRA.

How can I change this so that I am only taxed once on this money?

My wife also has a Roth IRA that was converted from another traditional IRA in 1998. She made no other contributions to any other IRAs in 1998.

Help

Erikgj

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