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I made a distribution from a roth ira in 2017 when i was 50
Hi there, I made a distribution from a roth ira in 2017 when i was 50 years old due to hurricane harvey recovery costs on my house. The IRS is now asking that I verify the contributions into that roth… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My question is around conversion. I have a Traditional IRA
my question is around conversion. I have a Traditional IRA with Vanguard. I contributed $5500 for 2018. This year I have contributed $5500 so far and plan to make another $1000 to make total of $6500 … read more
Lev
Lev
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Bachelor's Degree Equivalent
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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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Roth related questions: 1. If I currently have a Rollover
Roth related questions:1. If I currently have a Rollover IRA from previous companies (pre-tax), in order to avoid the pro-rata rule would I need to first invest the funds from the Rollover IRA into my… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have another question for you which feels like a stupid
I have another question for you which feels like a stupid one but my Google efforts have not yielded an answer, so perhaps not?Okay, so I have a rollover IRA that is comprised of at least 2 former emp… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,624 satisfied customers
I've a tax question on 1099- r. For ira distribution... it's
I've a tax question on 1099- r JA: Was this a Form 1099 for interest, dividends, or government payments? Customer: for ira distribution... it's complicated JA: Anything else you want the Accountant to… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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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
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JD, MBA, CFP, CRPS
Doctoral Degree
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I have a question about Form 8606. Is there a cost to ask a
I have a question about Form 8606. Is there a cost to ask a question on this Chat? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
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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I did a Roth for myself and my wife 2 months ago... I had
hello. I did a backdoor Roth for myself and my wife 2 months ago... I had checked all the boxes then... had no other traditional IRAs (only other Roths elsewhere) and the residual trad IRA balance aft… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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I had about 87,000 $ is a money market/IRA account which i
i had about 87,000 $ is a money market/IRA account which i opened using money that i earned from regular salaries and it had been taxed before, will i have to pay extra taxes on it again if i withdraw… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Had an IRA which was created with taxable income (should
had an IRA which was created with taxable income (should have been a Roth IRA) rolled it over into a Roth account,its gains are not taxable what form or forms do i need. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,624 satisfied customers
A couple of years ago I converted my 401k to an IRA. There
A couple of years ago I converted my 401k to an IRA. There were 44k dollars in the 401k which were after-tax contribution which I put into a ROTH IRA. Can I transfer that 44k dollars into a regular br… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
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.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My wife and I file jointly....she has an IRA account. We are
My wife and I file jointly....she has an IRA account. We are no longer able to benefit from the pre-tax contributions, due to income levels, however there is a relatively large investment loss on the … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
If you put $5,500 in a traditional IRA in 2015 and convert
if you put $5,500 in a traditional IRA in 2015 and convert to a roth the next day, what form do you complete, there was a 11099-r received code 2… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Basically I had a Roth with a brokerage company that had
Basically I had a Roth with a brokerage company that had fees which were too high. I attempted to do an indirect rollover to a Roth IRA at another brokerage. Somehow wires were crossed and it ended up… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
My question is regarding Tax Form 8606. In 2010, I borrowed
My question is regarding Tax Form 8606. In 2010, I borrowed money from a qualified 401K employer-sponsored plan. I paid federal and state taxes plus the additional 10% for early withdrawal. The remain… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,645 satisfied customers
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