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I have a 1099R from my Roth IRA. Box 1 shows $6,900. Box 2a
I have a 1099R from my Roth IRA. Box 1 shows $6,900. Box 2a and Box 14 are blank but both Federal(Box4) and NJ(Box 12) have number in them for tax wirthheld. Box 7 is also Q (Qualified Distribution fr… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,832 satisfied customers
In years 2013 and prior, I've converted a total of $20,000
In years 2013 and prior, I've converted a total of $20,000 from a traditional IRA to a Roth IRA. The money was taxed at the time of the conversion. I also did contributions of after tax money that tot… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
After owning a Roth IRA for more than 5 years, do the
After owning a Roth IRA for more than 5 years, do the earnings, which are not taxable, get added to the basis?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,918 satisfied customers
Question about death benefits from an Annuity IRA being
Question about death benefits from an Annuity IRA being taxable to the surviving spouse. The surviving spouse received a 1099-R for the total balance that was in the annuity. The surviving spouse tran… read more
Bill
Bill
Master's Degree
3,161 satisfied customers
I have a 1099 r with taxable amount 0 but box 2b is
I have a 1099 r with taxable amount 0 but box 2b is checked...so is it zero taxable, or am I supposed to calculate it somehow? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,003 satisfied customers
According to the Putnam article "Donating IRA Assets to
According to the Putnam article "Donating IRA Assets to Charity" that you linked me to in our last conversation, "Distributions of non-deductible IRA contributions also do not qualify." What exactly d… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,616 satisfied customers
I'm retired, age 67 now. I know that RMD from IRA is
I'm retired, age 67 now. I know that RMD from IRA is required when I turn 70 1/2, but I have already started to take distributions to cover living expenses on purchase of a new home.. Is there a way t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,918 satisfied customers
Need help with - how is qualified ROTH distributions (
Need help with - how is qualified ROTH distributions ( contributions + earnings) taxed by US, if at the time of distribution I am non resident alien and not a US citizen or green card. I am aware for … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,556 satisfied customers
I withdrew $2700 from my Roth IRA in 2017 and I paid $270 in
I withdrew $2700 from my Roth IRA in 2017 and I paid $270 in Fed taxes on the money at the time of withdrawal. How much do I owe in taxes in 2018 on the 2700 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
Question in regards to roth IRA distribution and taxes. Roth
question in regards ***** ***** IRA distribution and taxes. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,003 satisfied customers
I am trying to move about $125k from a traditional IRA that
I am trying to move about $125k from a traditional IRA that is 100% deductible/post tax to a 401k. The plan was to then make a $5,500 non-deductible (after tax) contribution to a Traditional IRA, and … read more
taxmanrog
taxmanrog
Master's Degree
1,847 satisfied customers
I received an after tax partial distribution from my 401k
I received an after tax partial distribution from my 401k that was initially rolled over from Fidelity to Ameriprise, where it was distributed from. I received a form 1099-R from Ameriprise. Line 1. h… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,676 satisfied customers
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
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
I took money out of my Roth IRA last year, but only money that
I took money out of my Roth IRA last year, but only money that I had contributed into that account in the 2000's. I have been told by numerous financial advisers that the money I took out is not taxab… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,676 satisfied customers
Where can I find the rules governing whether I can withdraw
Where can I find the rules governing whether I can withdraw (penalty-free) my contributions to a nondeductible IRA that was later converted to a Roth IRA? I didn't find the answer in IRS publication 5… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
I am doing the tax return of someone who got a 1099-R for a
I am doing the tax return of someone who got a 1099-R for a rollover from a Roth 401k to a Roth IRA. Client is 34 years old and has only been contributing to the Roth 401k for 3 years. Gross rollover … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
I have a 401k plan that is with my FORMER employer. Total
I have a 401k plan that is with my FORMER employer. Total balance= 70K. $32,000 is in the ROTH (Aftertax) segment but the account has only been open since 1/1/2007 as a ROTH 401K. How can I get the mo… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I recently made 2 early withdrawals from a Roth IRA. The first
I recently made 2 early withdrawals from a Roth IRA. The first withdrawal was for $5,000 and the second was for $2,000. I requested that 10% be deducted for each withdrawal by Fidelity for Federal inc… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
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