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Print TRADITIONALIRACONTRIBUTION AND INVESTMENT SELECTIONPART 1.IRA COUNTERPART 2.IRA TRUSTEE OR CUSTODIAN To be completed by the IRA trustee or custodianName (First/MI/Last) Social Security Number

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How to fill out 107 traditional ira contribution

01

To fill out Form 107 for a traditional IRA contribution, follow these steps:

02

Enter your name, Social Security number, address, and filing status at the top of the form.

03

Indicate whether you are making a contribution for the current tax year or a prior tax year.

04

Calculate the total amount of your traditional IRA contribution for the tax year.

05

Enter the contribution amount on line 2.

06

If you are eligible for the Retirement Savings Contributions Credit, complete Part II of the form.

07

Sign and date the form.

08

Attach Form 107 to your tax return and submit it to the appropriate tax authority.

Who needs 107 traditional ira contribution?

01

Anyone who wants to make a contribution to a traditional IRA may need to fill out Form 107. This form is used to report and document the contribution for tax purposes. It is necessary for individuals who want to take advantage of the tax benefits provided by a traditional IRA, such as tax-deductible contributions and tax-deferred growth.

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