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I am having problems filling out a form 8606 for a Rotyh
Second Opinion] I am having problems filling out a form 8606 for a Rotyh conversion … read more
Rama-CPA
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Can we start again. I have two form 8606 I need help filling
Okay - can we start again. I have two form 8606 I need help filling out - as they applied to Roth conversions. I have all the dates and amounts ready to share with an expert...when I did this half an … read more
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Lev
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I have finished entering our 1099Rs in Turbotax 2019. In the
I have finished entering our 1099Rs in Turbotax 2019. In the series of questions bollowing, it leads to non-deductible IRA contributions and my total basis as of Dec 31, 2018. the last questionin this… read more
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I need help filing out Forms 8606 after making a Roth
I need help filing out Forms 8606 after making a Backdoor Roth conversion. For both me and my wife. … read more
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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
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Can't get turbo tax to correctly fill out the form 8606. It
Can't get turbo tax to correctly fill out the form 8606. It won't allow me to enter the non-deductible contribution on line 1 as per the IRS instructions. It will only enter the amount on line 2 for b… read more
Dr. Fiona Chen
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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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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
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Bachelor's Degree Equivalent
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I converted my 401k to a Roth 401k with my same employer. I
I converted my 401k to a Roth 401k with my same employer. I received a 1099-R with amounts on line item 1 (gross distribution) and 2a (taxable amount). Distribution code is G. Do I record this on line… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I accidentally made an error for the past 2 tax seasons. I
Hi - I accidentally made an error for the past 2 tax seasons. I made a 2 contributions to a Rollover IRA (in 2016 and 2017, $5500 each), when I meant to contribute to my ROTH IRA. I did this with post… read more
Bill
Bill
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Form 8606 is giving. me problems. Let me explain. In 1963 I
Form 8606 is giving. me problems. Let me explain. In 1963 I started at AT&T and in those days contributions to 401Ks /IRAs were taxed. Thererfore I use 8606 so I don,t get taxed twice on the same mone… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
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I just found out that the after-tax as well as before-tax
I just found out that the after-tax as well as before-tax money of my 401K were rollovered to a traditional IRA account in 2005 and 2007 respectively without filling Form 8606. May I fill the Form 860… read more
Anne
Anne
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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
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I took a $9900 distribution from my Roth IRA in May 2012 and
I took a $9900 distribution from my Roth IRA in May 2012 and I am having a difficult time filling out for 8606. I made $1200 in contributions between January and December 2012. My distribution is nonq… read more
Phillip B, EA
Phillip B, EA
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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
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I have a question about IRA to Roth IRA conversion. The IRA
I have a question about IRA to Roth IRA conversion. The IRA now is a mixed account...partially a taxed rollover from a previous job and part non taxed contribution. I know I need to pay taxes on some.… read more
Merlo
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I am 60 years old and am planining to convert all or part of
I am 60 years old and am planining to convert all or part of my IRA to a Roth IRA this year. From 1989 to 1998 I contributed $16,840 to an IRA that I never deducted so I have this as a basis. However,… read more
Lev
Lev
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Bachelor's Degree Equivalent
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In 1997 I opened an IRA/CD it was renewable every five ...
In 1997 I opened an IRA/CD it was renewable every five years and deposited $2000.00. I cashed the IRA/CD in January 2007. I was not aware of this form 8606 which should have been submitted with the 19… read more
Bill
Bill
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