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When Opening an SEP IRA is it possible to put stock in it?
When Opening an SEP IRA is it possible to put stock in it? Can I transfer stock from my SEP to an IRA or Roth IRA? Does the account have to be started with cash? I put too much in my SEP so I have to … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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In 2016 we consolidated some of my wifes retirement
in 2016 we consolidated some of my wifes retirement accounts. We transferred $13,000 from a SEP IRA account into an existing Roth IRA account. We had intended to transfer into an existing solo 401K ac… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I opened an S corporation so I could transfer my 1099 income
I opened an S corporation so I could transfer my 1099 income to the corporation and claim deduction related to the 1099 projects. The project did not work out as expected and I am going to make much l… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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I would like to open stock market account (using one of the
I would like to open stock market account (using one of the popular online brokers) with the intention of giving it to my 2 daughters when they become grown adults (maybe at age 25 or 30 - they are cu… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have a Sep IRA held in cash with custodian. I have requested
I have a Sep IRA held in cash with custodian. I have requested a distribution in the form of a check made out to ***ME***. My understanding is that when I receive the check in the mail if I endorse it… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,017 satisfied customers
My question is regarding on how to receive money this
Hello, My question is regarding on how to receive money this tax year but not have it counted as income until 2016. I have worked for an employer this year until now. I have earned $30,000. I am going… read more
Tax.appeal.168
Tax.appeal.168
Principal
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I withdrew $28,000 from an IRA. It was supposed to be withdrawn
I withdrew $28,000 from an IRA. It was supposed to be withdrawn on Jan 1, 2015 but my investor jumped the gun and withdrew on Dec 29, 2014. The money had been rolled over from a 401K plan. $10,000 of … read more
Megan C
Megan C
Certified Public Accountant (CPA)
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I have an inheritance from my Dad's passing from a qualified
I have an inheritance from my Dad's passing from a qualified annuity $50,000 and $5,000 from his 401k. My income should be about 60k this year as it was last year. But, before deductions. So, AGI shou… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit to, this account in the same amount be reflected in form 1099R ? Doing so makes it taxable. Both 60 day limit and 12 month max met. D… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,674 satisfied customers
I want to move a SEP IRA from one financial institution to
I want to move a SEP IRA from one financial institution to another. Can I just close the SEP IRA on my current financial institution and have a check under my name and deposit on my checking account a… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
SEP_IRA, a am self employed, single 27 years here in california,
SEP_IRA, a am self employed, single 27 years here in california, own my house mortgage, made $100k gross in 2012. need to know best way for me to open sep IRA or regular personal roth ira, I have read… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
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Hello, I gave up my green card last year (2011), but still
Hello, I gave up my green card last year (2011), but still have bank account and IRA and education account (529?) in US. 1- Can I still deposit money into my bank account from abroad? am I going to be… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Im self employer sole proprietor. Last year I setup a SEP
I'm self employer sole proprietor. Last year I setup a SEP IRA and claimed on my tax return. This year I want to claim again contributions to a SEP IRA on my tax return to pay less taxes. What I need … read more
Merlo
Merlo
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I had a 401k with a pervious employer. I rolled that 401k
I had a 401k with a pervious employer. I rolled that 401k into a Money Market IRA with Bank of America earlier this year. Since then my wife has stopped work and is staying at home to raise our son. T… read more
Lev
Lev
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Bachelor's Degree Equivalent
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1)I make $300K/year as a physician assistant contractor. I
1)I make $300K/year as a physician assistant contractor. I am currently purchasing a dream home for $400K with a $200K down payment, and mortgage payments are made directly to the seller, who owns the… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I know there is a rule against writing off a stock loss if ...
I know there is a rule against writing off a stock loss in an IRA (closed the IRA account in 2006) if you turned the stock around within a certain amount of time. If you bought and sold stock several … read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
Last year the Bank of America transferred $12,000 from my ...
Last year the Bank of America transferred $12,000 from my IRA to my regular brokerage accont without authorization. I made them return it to my IRA as I had already taken my disbursement for the year.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,017 satisfied customers
I have 3 tax deferred annuity accounts that have lost over ...
I have 3 tax deferred annuity accounts that have lost over $13,000 between them since I opened them. Can I transfer them to a Roth IRA and claim a capital loss on them? Optional Information: New York … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
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