Question: Is the statement about retirement contributions correct for this taxpayer for tax year 2024? Is this a correct option ? Taxpayer contributed $4,200 to a

Is the statement about retirement contributions correct for this taxpayer for tax year 2024?

Is this a correct option ?

Taxpayer contributed $4,200 to a Roth IRA and knows taxpayer is allowed to contribute that amount. Taxpayer has also decided to rollover their Traditional IRA to a new trustee. The rollover does not affect the contribution limit for Taxpayer.

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Yes

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