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H&R Block says they are not required to file form 8606 for a
H&R Block says they are not required to file form 8606 for a non-deductible ROTH IRA, and so for 2017 and now 2018, their program did not include this form. They say the ROTH IRA does not fit the requ… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I withdrew money from my roth ira last year. I was 64 then.
I withdrew money from my roth ira last year. I was 64 then. Do I need to file IRS form 8606 "Nondeductible IRAs"? What is a nondeductible contribution? … read more
DK_CPA
DK_CPA
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My question pertain to how to complete your taxes to show
My question pertain to how to complete your taxes to show contribution to a non-deductible IRA and then convert to Roth IRA. My spouse does not work and I want to take advantage of the non-spousal IRA… read more
Lev
Lev
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Help filling out Turbo Tax when I have back door roth ira.
help filling out Turbo Tax when I have back door roth ira … read more
Lane
Lane
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We made a IRA contribution of $5,500 to my husband's account
We made a IRA contribution of $5,500 to my husband's account (Vanguard) in Jan 2018 for tax year 2017. We then electronically filed our joint tax return Feb, 2018. However, we forgot to include the $5… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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Took a roth distribution for first time home expenses. roth
took a roth distribution for first time home expenses. roth opened in 2009 and distribution consisted of earnings and contributions. Earnings amount marked taxable on 1099r. Is this taxable? do i need… read more
Lev
Lev
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Bachelor's Degree Equivalent
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In 2017 I took money out of my IRA. In completing my 2017
In 2017 I took money out of my IRA. In completing my 2017 tax form 8606 line 6, it appears to want me to state the total value of my IRA at the end of 2017, then uses this to calculate more taxes. Is … read more
Bill
Bill
Master's Degree
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I accidentally made an error for the past 2 tax seasons. I
Hi - I accidentally made an error for the past 2 tax seasons. I made a 2 contributions to a Rollover IRA (in 2016 and 2017, $5500 each), when I meant to contribute to my ROTH IRA. I did this with post… read more
Bill
Bill
Master's Degree
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I accidentally contributed to traditional IRA in addition to
I accidentally contributed to traditional IRA in addition to maxing out 401k. The amount that I contributed to traditional IRA was taxed. What can I do fix this so I don't get taxed when I withdraw mo… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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My wife took early distributions in 2017 from both her
My wife took early distributions in 2017 from both her traditional IRA and her Roth. I use the H&R Block software as I have done for years without any problems or complaints. This year I saw that her … read more
Lev
Lev
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TAX: Taxpayer receives their income (that is taxed) via
TAX: Taxpayer receives their income (that is taxed) via direct deposit. They then withdraw money (let's say $100) from their checking account and puts that money in an IRA. When the taxpayer withdraws… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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In calendar 2017, I made excess contribution to my Roth IRA.
In calendar 2017, I made excess contribution to my Roth IRA. I will withdraw excess contribution and interest earned prior to filing tax return. Will the interest earned be reported on my 2017 return … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Got a 1099-a I took an early withdraw I am disabled and most
Got a 1099-a I took an early withdraw I am disabled and most of the contributions were after tax because I had a pension is there a certain form to figure out what part of the with drawl would be taxa… read more
emc011075
emc011075
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Form 8606 is giving. me problems. Let me explain. In 1963 I
Form 8606 is giving. me problems. Let me explain. In 1963 I started at AT&T and in those days contributions to 401Ks /IRAs were taxed. Thererfore I use 8606 so I don,t get taxed twice on the same mone… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
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I am attempting to do a back door Roth conversion for 2017
I am attempting to do a back door Roth conversion for 2017 and prior years (sporadically back to 1995). At what point do I need to submit the 8806? Before or after the rollover and conversion are made… read more
Robin D.
Robin D.
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Can I ask a detailed question? My wife and I both began
Can I ask a detailed question? My wife and I both began saving with IRAs this year (February 2017). We both opened Vanguard accounts and I put in $6500 and she put in $5500 and we started with Traditi… read more
Lev
Lev
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Bachelor's Degree Equivalent
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For about 10 years my wife and I have been depositing
For about 10 years my wife and I have been depositing POST-TAX dollars in a TRADITIONAL (not Roth) IRA, but I didn't realize that I had to report these contributions on Form 8606. What's the best way … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,805 satisfied customers
My dad was charged for his IRA distribution even though he
My dad was charged for his IRA distribution even though he has been making non-deductible contributions. I only have records since 2002 (the majority that show the deposits). How do I file 8606 for ea… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,869 satisfied customers
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