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Second opinion] retirement rollover was put into an annuity
Second opinion] retirement rollover was put into an annuity held in an IRA. what are tax consequences for full distribution after age 59 1/2? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I am an investment advisor for client X. He retired in 2017.
I am an investment advisor for client X. He retired in 2017. He rolled over his 401k into a traditional IRA. He also rolled his Roth 401k into a Roth IRA. Client X wants to take some money out of his … read more
Dr. Fiona Chen
Dr. Fiona Chen
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I am buying my first home. I have a roth 401K and want to
I am buying my first home. I have a roth 401K and want to use those funds for the downpayment in the amount of $75,000. I have been reading to transfer it to an IRA and withdraw from that to avoid pen… read more
Bill
Bill
Master's Degree
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Lane, My wife had a Roth IRA that our financial advisor told
Lane,My wife had a Roth IRA that our financial advisor told us to move into a 529 plan.The 1099-R shows 8,100 as distribution and taxable amount of 8,100 (confused about this number, I dont think it s… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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When I retired from the Commonwealth of Pa. I took my
When I retired from the Commonwealth of Pa. I took my contributions from my pension and rolled them into my Roth Account. The Commonwealth sent me two 1099R's. On for a reduced amount (minus the Feder… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I made the mistake of direct rollover my 401k to a Roth IRA
Hello, I made the mistake of direct rollover my 401k to a Roth IRA and I received a 1099 R with a taxable amount of all the retirement funds of 158,000. I admit I wasnt sure what I was doing but I swi… read more
Mark Taylor
Mark Taylor
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I am 62 yrs old and received a distribution from my
I am 62 yrs old and received a distribution from my company's Roth 401k, can I do a "roll over" with the funds by depositing them into my personal Roth IRA with in 60 days? Thanks,Skip… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Taxpayer changed her job and went to another firm to work.
Taxpayer changed her job and went to another firm to work. She had a 4019(k) from the previous employer. She rolled over her 401(k) from her previous employer to another brokerage firm. But the broker… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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I have a client who received a 1099-R form disbursement from
I have a client who received a 1099-R form for a disbursement from her 401-K. The 1099-R indicates the gross distribution in box 1 was completely taxable in box 2. Monies were withheld in box 4 so my … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I am retired and rolled over my 401k, pretax and after tax
I am retired and rolled over my 401k, pretax and after tax dollars, into an IRA and Roth IRA. My contribution box 5 on 1099-R shows 2K and taxable amount in 2a shows 45K. That is the gain, company mat… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,799 satisfied customers
I have rolled over my 401k (terminated at age 54). I had the
I have rolled over my 401k (terminated at age 54). I had the pre-tax amount, 1,077,000, sent direcltly into a rollover IRA. I had the pre-1987 after tax amount, 47,000, sent directly to my Roth IRA. T… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I converted my 401(k) last November. I was under the assumption,
I converted my 401(k) last November. I was under the assumption, that I could roll over the After-tax portion into a Roth IRA and the remainder into a traditional IRA. Now I have received Form 1099-R … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I want to know the tax treatment for converting 1. Traditionl
I want to know the tax treatment for converting: 1. Traditionl IRA with non-deductible and deductible contribution 2. Rollover IRA established in 2007 from After Tax Contribution of 401 K with in serv… read more
jgordosea
jgordosea
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Bachelor's Degree
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I live in L.A. and Im 34 y/o. I rolled over a 401K into an
I live in L.A. and I'm 34 y/o. I rolled over a 401K into an IRA in Feb. of 2010, the total amount was $6,012 and the value now is approx. $6,300. I checked the account balance on the company's website… read more
Arthur Rubin
Arthur Rubin
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I inherited a Roth IRA from my aunt in 2009 along with my brother
I inherited a Roth IRA from my aunt in 2009 along with my brother and sister. The account was held at Morgan Stanley. We opened inherited Roth IRAs at Morgan Stanley and each had our third of my aunt'… read more
Bill
Bill
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May I transfer the balance in a qualified defined contributio
May I transfer the balance in a qualified defined contribution plan, paid by the employer fot a 75 year old participantm to a Roth Ira a/c for the participant and pay the income tax on such transfer.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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If I rolled over my 401K to a Roth IRA in 2007 due to leaving
If I rolled over my 401K to a Roth IRA in 2007 due to leaving employment, and in 2008 had to cash out the Roth IRA. How do I handle this on my taxes. I received form 5498 for 2007 IRA contributions an… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
In 2006 my wife and I purchased a MINORITY share of a ...
In 2006 my wife and I purchased a MINORITY share of a privately held California S corporation. I took a Roth IRA withdrawl, in the form of a check made out directly to the seller of stock, to purchase… read more
Marvin,EA
Marvin,EA
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Bachelor's Degree
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