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Question about 1099. It is a 1099 R code G ..but when I got
it is a 1099 R code G ..but when I got check I just cashed it in my checking and did not roll to another IRA or Roth ..how do I file /correct the 1099 R … read more
James Daloisio
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Doctoral Degree
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I am 68 and my husband is 67. We are retired. Our income is
I am 68 and my husband is 67. We are retired. Our income is 237,000 before taxes. We owe $5137. It said on our turbo tax we could buy $5500. Roth account and have it come off our taxes. Is this possib… read more
Lev
Lev
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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
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My income limit prevented contributing directly to Roth IRA
My income limit prevented contributing directly to Roth IRA as I've always done. Maximized ($5500) non-deductible contribution to traditional IRA and completed backdoor Roth conversion before the end … read more
emc011075
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I am doing my taxes. and last year I took a hardship
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Mark D
Mark D
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Master's Degree
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This year I took an early distribution from a Roth iRA. Let's
This year I took an early distribution from a Roth iRA. Let's say it was $15,000 which equaled 50% of the total Roth IRA value. One of the questions on the tax form requests the amount of contribution… read more
Lev
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A taxpayer directly rolls Traditional IRA funds that were not
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Phillip B, EA
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A taxpayer closes out a Traditional IRA & rolls the funds within
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Lev
Lev
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Hi. I have a Traditional IRA with just a few thousand dollars
Hi. I have a Traditional IRA with just a few thousand dollars in it, which I established with tax-deductible (pre-tax) money years ago before I had a 401k. Today, I am above the ~$180K income limit an… read more
jgordosea
jgordosea
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Hi I would like to contribute to a non-deductible IRA, Im
Hi I would like to contribute to a non-deductible IRA, I'm over the limit for contributing to a deductible and the covert it to a Roth IRA. I have no other IRA's at this time. In about a monthy I will… read more
Lane
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JD, MBA, CFP, CRPS
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I took a $9900 distribution from my Roth IRA in May 2012 and
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Phillip B, EA
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I converted my traditional IRA to a Roth IRA, but then changed
I converted my traditional IRA to a Roth IRA, but then changed my mind and recharacterized back to the traditional. The rep at Vanguard advised me that the initial conversion would generate tax forms … read more
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NJ tax question on Roth conversions Both my wife and I
NJ tax question on Roth conversions: Both my wife and I rolled money over from former employers' 401(k) plans into traditional IRA rollover accounts during 2010. We then converted the rollover account… read more
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I want to know the tax treatment for converting 1. Traditionl
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jgordosea
jgordosea
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Bachelor's Degree
2,885 satisfied customers
I am current looking into the possibility of converting a Traditional
I am current looking into the possibility of converting a Traditional IRA into a Roth IRA. Most of my contributions to the traditional IRA were after-tax contributions. Are the earnings subject to tax… read more
jgordosea
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Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hello,We are attempting to have answers to a couple of questions.
Hello, We are attempting to have answers to a couple of questions. I do have an accounting background but not updated the past 20 years or so. I have about $600,000+ in a traditional IRA, and I am 69 … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Ive had a standard IRA since the program inception. This
I've had a standard IRA since the program inception. This year because of the financial meltdown I have no taxable income (if I subtract line 40 itemized deductions from adjusted gross income and subt… read more
Merlo
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I converted a traditional IRA to a Roth. I have a carryover
I converted a traditional IRA to a Roth. I have a carryover basis. Do I subtract that amount from the total amount converted?… read more
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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