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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
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Roger,I have a meeting tomorrow with a client and he wants to know about converting a traditional to Roth IRA. Can you please provide some good articles and links that go over this? What do I need to … read more
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I would like to find out if it would make sense or me to
I would like to find out if it would make sense or me to convert all or part of my IRA accounts into a Roth IRA account. I am 60 years old and am currently working. … read more
Lev
Lev
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IRS Tax Question: If I contribute money into my traditional
IRS Tax Question: If I contribute money into my traditional IRA in 2017, how long do I have to take it out? Is it October 2018? I already filed my tax return. Is there any penalty for leaving it in? W… read more
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Tax Question: What if the Roth contributions were not
Tax Question: What if the backdoor Roth contributions were not calculated correctly in the past? What needs to be done? There was a bunch of other pre-tax contributions that were not reported correctl… read more
Lev
Lev
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I had $1900 of total base in my traditional IRA when the
I had $1900 of total base in my traditional IRA when the value of all my traditional, SEP and SIMPLE IRAs was $47k at end of 2015. During 2016, I converted all the traditional IRAs to my Roth IRA when… read more
Lev
Lev
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I have already tax paid (post tax) contributions to
I have already tax paid (post tax) contributions to traditional IRAs. When taking a distribution, I'm supposed to add together all my IRAs for the total value on Dec 31 of the previous year. Q: Do I a… read more
Lev
Lev
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In 2014 I contributed the max $5500 to a Roth IRA thinking
In 2014 I contributed the max $5500 to a Roth IRA thinking I would make less than $100k year. It turns out I made $130k which disqualifies me IRA. Turbotax is advising me to take a distribution of the… read more
Robin D.
Robin D.
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I took a distribution from a traditional IRA in 2013 and then
I took a distribution from a traditional IRA in 2013 and then converted that amount to a Roth. Do I have a "basis" in the Roth conversion, and if so, do I enter zero or the full amount that I converte… read more
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Please clarify something for me I left previous employer
Please clarify something for me I left previous employer 3 years ago....rolled over my 401k as follows: 1 - $350,000 in pre-tax contributions and employer vested contributions to Rollover IRA #1 2 - $… read more
Lev
Lev
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I have contributed to a Roth IRA for the last three tax years.
I have contributed to a Roth IRA for the last three tax years. My AGI was too high, I discovered, for tax years 2011 and 2010. I need to recharacterize the contributions...so I'd like to open a tradit… read more
PDtax
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Traditional IRA to Roth IRA conversion I recently rolled
Traditional IRA to Roth IRA conversion I recently rolled a 401k from previous employer into a Traditional IRA (Fidelity was unable/unwilling to roll to my Roth IRA). While completing a Traditional IRA… read more
Jax Tax
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Converting a Traditional after tax IRA to Roth I would
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Bill
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If my income is $120,000 for 2010, can I contribute to a non-decuctible
If my income is $120,000 for 2010, can I contribute to a non-decuctible IRA and convert that to a Roth IRA?… read more
Robin D.
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On a roth ira inheritance does the income level of the beneficiary
On a roth ira inheritance does the income level of the beneficiary affect the amount of taxes ie. income, inheritance, probate...that would have to be paid?… read more
Merlo
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Hi, I have a Tradition IRA that I wish to convert into a
Hi, I have a Tradition IRA that I wish to convert into a Roth IRA. I understand that the conversion is subject to tax withholding on pre-tax contributions in the Traditional IRA. The problem comes in … read more
Merlo
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I make over 120K/ annually. I max out my 403b contribution
I make over 120K/ annually. I max out my 403b contribution $16,500 annually and my company also puts aside money for my retirement in a 401A defined benefit plan. I would like to put money into an IRA… read more
Bill
Bill
Master's Degree
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i have 2 separate ira acounts, one at Fidelity and one with
i have 2 separate ira acounts, one at Fidelity and one with American Funds. the Fidelity is now values at about $42,000 with $35,000 being after tax contributions. i would like to convert the fidelity… read more
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