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I am having problems filling out a form 8606 for a Rotyh
I am having problems filling out a form 8606 for a Rotyh conversion … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I had to make an early withdrawal last year from a Roth IRA
Hi. I had to make an early withdrawal last year from a Roth IRA because I needed funds to support my family. I'm under 59, and the reason for withdrawal doesn't seem to fit in one of the acceptable ca… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
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How should a roth contribution + trad --> roth conversion be
how should a backdoor roth contribution + trad --> roth conversion be reported on form 1040?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,936 satisfied customers
I tried to file my taxes a few days ago but it said i form i
I tried to file my taxes a few days ago but it said i form i needed (8606-t) wasnt ready yet. I just logged on and that message is no longer there and it appears i am ready to file … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,936 satisfied customers
I rolled over a 401k (had a bit of Roth in it and the rest
Hi, I rolled over a 401k (had a bit of Roth in it and the rest was pre-tax). It was initiated and received as a check at the end 2018 and was deposited into two separate accounts (SEP and Roth) the be… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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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
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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
Tax Advisor
Bachelor's Degree Equivalent
55,936 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
6,355 satisfied customers
I did a IRA contribution in Jan 2019 for the 2018 tax year.
I did a backdoor IRA contribution in Jan 2019 for the 2018 tax year. I also converted a small traditional IRA conversion to a Roth IRA to avoid the pro-rata rule. I recognize I need to pay taxes on th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,710 satisfied customers
Quick $5 yes-or-no tax question: I know that a Roth IRA
I know that a backdoor Roth IRA requires that I file a form 8606.My questions does a backdoor 401(k) Roth contribution require I file a form 8606. Even though the initial non-deductible contribution and the rollover conversion occur within the 401k (no outside IRA involved), 1099-R and 5498 forms were still generated. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,936 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
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How to report tax on 401k converted to Roth IRA - My
How to report tax on 401k converted to Roth IRA - My husband, who is retired and older than 59 1/2, converted a portion of his 401k directly to a Roth IRA (without first going to traditional IRA). He … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,936 satisfied customers
I'm trying to figure out my taxes and I have a fairly
I'm trying to figure out my taxes and I have a fairly confusing (perhaps unusual) circumstance: While trying to pay taxes last year (April of 2014), I realized that I had made a contribution to my Rot… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,355 satisfied customers
I converted $5,500 Traditional IRA accounts to Roth IRA accounts.
I converted $5,500 Traditional IRA accounts to Roth IRA accounts. How to do the tax return form for it?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,667 satisfied customers
Need help filling out a 8606 form, which I was told by Vanguard
Need help filling out a 8606 form, which I was told by Vanguard I have to do, but I'm not clear on what to fill in exactly. Here's my situation: 1. In March of 2013, I put $5500 into my Roth IRA 2. Ye… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,936 satisfied customers
I converted a traditional IRA to a Roth IRA in Feb. 2010.
I converted a traditional IRA to a Roth IRA in Feb. 2010. Can I reconvert the Roth IRA to the traditional IRA at this time?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I converted a regular IRA to a Roth IRA in 2010. The tax on
I converted a regular IRA to a Roth IRA in 2010. The tax on the conversion will be paid in 2011 and 2012, if I don't recharacterize by October 17. How will the tax be calculated as it did not appear o… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,936 satisfied customers
I took a $5000 deduction on my 2008 return for an IRA. I had
I took a $5000 deduction on my 2008 return for an IRA. I had already paid taxes on that $5000, so when I realized what I had done, I filed a 1040x and a form 8880 and 8606 and wrote a check to the IRS… read more
Bill
Bill
Master's Degree
3,255 satisfied customers
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