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If I transfer my IRA from let's say Morgan Stanley, to
If I transfer my IRA from let's say Morgan Stanley, to Vanguard or to Merrill Lynch do I have to pay taxes on it?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
48,602 satisfied customers
I recently changed jobs and rolled over my 401k to an IRA. I
I recently changed jobs and rolled over my 401k to an IRA. I had some money in a regular 401k and I had some money in a Roth401k. They sent two checks to my investment firm. I wanted both checks to be… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
48,602 satisfied customers
In 2015 I left my job. At that time I had a Vanguard 401K
In 2015 I left my job. At that time I had a Vanguard 401K with about 30K. Roughly 18K of that amount was Roth funds because I had switched to Roth contributions while I was with that previous employer… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
761 satisfied customers
Here goes... I have 2 sub accounts with Vanguard that are a
here goes... I have 2 sub accounts with Vanguard that are a mix of 401K rollovers (pre and post tax contributions) and IRA (post tax contributions that were declared as deductions on my annual income … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,162 satisfied customers
I have a 1099R for a friend that I am helping with her
I have a 1099R for a friend that I am helping with her taxes. The Box 7 Code is J. The box 1 amount is 14,800. She rolled over 10,000 to her IRA in 2014 and contributed 4,000 in 2015 then 1,300 in 201… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,247 satisfied customers
I retired 18 months ago, and rolled over my 401K into an
I retired 18 months ago, and rolled over my 401K into an IRA. My problem is that I did not separate my after-tax contributions ($46,000). My 2015 1099-R is very clear on the amount in box 5. What can … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,373 satisfied customers
I'm a 33 years old man living in New Jersey. My Roth IRA had
Hi, I'm a 33 years old man living in New Jersey. My Roth IRA had $35,231 in it. On 6/6/2016, Merrill Lynch (the company it was with) had decided to terminate it & distribute the funds ($31,613) back t… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,373 satisfied customers
My parents have IRA accounts with Merrill Lynch. My mom
My parents have IRA accounts with Merrill Lynch. My mom passed away this year and Merrill Lynch is transferring her funds to my dad's accounts right now. Unfortunately the transfer won't be completed … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,117 satisfied customers
MINIMUM REQUIRED DISTRIBUTION QUESTION: A RETIRED 75 YEAR
MINIMUM REQUIRED DISTRIBUTION QUESTION: A RETIRED 75 YEAR OLD TAXPAYER IS TAKING ANNUAL MINIMUM REQUIRED DISTRIBUTIONS FROM A 401K PLAN AND IN THE PAST HAS RECEIVED DISTRIBUTION CHECKS IN THE MAIL. FO… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,865 satisfied customers
Ed when I rolled over my 401K from my previous employer
Hi Ed when I rolled over my 401K from my previous employer to my current employer I was advised that it had $17,483 of Post 1986 after tax contribbtions needed to be rolled into a Roll IRA. I did this… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
48,602 satisfied customers
This April, I rollovered my 401K to Ameriprise, pre-tax and
This April, I rollovered my 401K to Ameriprise, pre-tax and after-tax money included. Then in September, I transferred the money to Fidelity. Just recently I find out that the after-tax money can be c… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,666 satisfied customers
I moved my total 401K from one inventment firm to Merrill Lynch.
I moved my total 401K from one inventment firm to Merrill Lynch. The old firm provided me with a 1099R but I haven't received a 1099R from Merrill Lynch. I have a statement from Merrill Lynch that sho… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,666 satisfied customers
I had an after-tax withdrawal from my 401K in 2010, but I was
I had an after-tax withdrawal from my 401K in 2010, but I was also required to withdraw a certain amount of before-tax form the plan ( partial distribution) with subsequent transfer to an IRA. When fi… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
48,602 satisfied customers
My income is low this year(2009) and I am considering pulling
My income is low this year(2009) and I am considering pulling $40,000 from my Traditional IRA paying the tax on it and put all into a Roth IRA. Do the tax rules allow? JIm… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
48,602 satisfied customers
I paid a lump settlement to my wife of $200,000 that was transferred
I paid a lump settlement to my wife of $200,000 that was transferred from my IRA account to her IRA account and have court paperwork to support this. I received a 1099r from Merrill Lynch for the $200… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Merill Lynch was my 401k holder. I lost my job in June 10th
Merill Lynch was my 401k holder. I lost my job in June 10th 2007, due to a stroke. I'm now disable and collect disability. I'm still working on trying to get as close to functioning as I can. During t… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have my IRA account at Vanguard invested in several funds.
I have my IRA account at Vanguard invested in several funds. I have converted money over the past few years to a Roth IRA account at Vanguard into several funds. I made a Roth IRA conversion on 01/15/… read more
Lou
Lou
High School or GED
272 satisfied customers
I am 72 years old. On 9/15/06 I took a Distribution from my ...
I am 72 years old. On 9/15/06 I took a Distribution from my IRA in excess of my Required Minimum Distribution (RMD). Then on 1/26/07, I placed some of the excess Distribtion in a Roth IRA account. Sch… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
48,602 satisfied customers
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