I completed my backdoor Roth this year and my wife received a 1099 in the mail. She had a previous 403B through her employer but is no longer working at the local hospital. They transitioned her 403B to a custodial IRA which I was not aware of. Does this custodial IRA count as having money in an IRA at the end of 2021 and can I expect to be taxed on this for the year?
Thanks in advance,
Matt
Thanks in advance,
Matt
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