Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I left a job in 2017. I had $44k in 401k loans from that
I left a job in 2017. I had $44k in 401k loans from that job. I then took the remaining distribution of $60k from that 401k. I have recieved both 1099's, that need to be filed with my 2018 taxes this … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,859 satisfied customers
A couple of years ago I converted my 401k to an IRA. There
A couple of years ago I converted my 401k to an IRA. There were 44k dollars in the 401k which were after-tax contribution which I put into a ROTH IRA. Can I transfer that 44k dollars into a regular br… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,545 satisfied customers
In Jan 9, 2015 I lost my job and decided to retire from from
In Jan 9, 2015 I lost my job and decided to retire from from that employer at age 62; I sold my house and moved into an appartment. I rolled over my pension and 401K into a IRA; I began taking contrac… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,545 satisfied customers
I did a rollover from the 401k to the IRA for 50k. I purpose
I did a rollover from the 401k to the IRA for 50k. I purpose to withdraw another 50k from the 401k to pay the first 50k back within 60 days. Thus giving myself 120 days to complete a transaction.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
I am now 66 I retired in 2015 @ 65 took my 401k and rolled
I am now 66 I retired in 2015 @ 65 took my 401k and rolled it into my banks In Jan 2015 I took out to by my first house since I am a widow of 26 yrs.because of reasons I paid cash for my home.Is there… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
My wife changed jobs in 2002. The money that she had in a
My wife changed jobs in 2002. The money that she had in a 401K was rolled into an IRA. Then she chagned jobs again in 2003, and the money she had in a 401K with that employer was rolled into an IRA. W… read more
Expert
Expert
About 10 years ago I have my company distribute my 401K to
About 10 years ago I have my company distribute my 401K to me so I could put it in another IRA account. I received the distribution but my employer took taxes out before I received it. The money was m… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
My MAGI for 2012 was $141K (married filing jointly). Im an
My MAGI for 2012 was $141K (married filing jointly). I'm an idiot with finances, requiring both Quicken and Turbotax to make any sense of it. In 2012, I rolled over 32K from a previous job to an exist… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,692 satisfied customers
Is the basis what you rolled over from your retirement or what
Is the basis what you rolled over from your retirement or what you rolled over minus your year end value… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,213 satisfied customers
I had a loan from my Thrift Savings Plan outstanding when i
I had a loan from my Thrift Savings Plan outstanding when i retired tax year 2010 (26k). I took Money out of my TSP in Jan 2010 50K and rolled over money 26K put it in a ira within 60 days to cancel o… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
740 satisfied customers
Im 58 yrs old. I left my last job 40 days ago. I rolled
I'm 58 yrs old. I left my last job 40 days ago. I rolled my 401k that was with them into a Traditional IRA. Can I now roll a part of that into a Roth IRA pay the taxes in 2011 & 2012 then withdraw fro… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
On 12/10/08 I received a total distribution for my 401K in
On 12/10/08 I received a total distribution for my 401K in the amount of $53,954.53. Income tax was withheld in the amount of $10,790.91. I had a looan balance of $8494.06 and actually received a chec… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I took an early withdrawel on my 401k. To avoid the 10% early
I took an early withdrawel on my 401k. To avoid the 10% early withdraw penalty , I used the exuse of education expense . Which I did have for my daughters tuition in colledge . Problem is when Fidelit… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
Hello, I am 62 years old, dont plan on retiring until I am
Hello, I am 62 years old, don't plan on retiring until I am 68 or maybe 70. I have a pension plan from my former employer. I can get a lump sum of $29,900 from this plan. Should I roll it over into an… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
i withdrew money from a retirement fund in 2008 to purchase
i withdrew money from a retirement fund in 2008 to purchase a house, not my first. This year I have to pay a penalty but it also put me in a higher tax bracket. Can I take some money and place it into… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,545 satisfied customers
I withdrew money from AG Edwards without paying taxes
I rolled over 401 k plans about 10 years ago. I withdrew money and they told me I could pay taxes on it now or during filing. I opted not to pay at the time. They sent me a 1099. I cashed out/liquidat… read more
Bill
Bill
Master's Degree
3,154 satisfied customers
If I have taken some 401K money out for hardship ...
If I have taken some 401K money out for hardship on a downpayment of a new house, they took out the 20% tax with no penalty. Can that be amorized over a period of 3 to 5 years or do I have to claim it… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I am thinking of buying my first home here most likely in ...
I am thinking of buying my first home here most likely in July of this year. I have money in a 401k from a previous employer and I would like to use some of that for a down payment on my housing purch… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

21,545 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x