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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 have put money in a ROTH for 10 years. I was married in
I have put money in a ROTH for 10 years. I was married in 2015 and did not realize due to a higher AGI I was no longer eligible to do so. Some years it was only $900, others like in 2018 I maxed out a… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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I received a IRS letter stating that I need to fill 8606 for
I received a IRS letter stating that I need to fill 8606 for 2018. I tried reading the IRS instruction but was very confused. The distribution amount was $8,834 and I did contribute according to my W2… read more
Bill
Bill
Master's Degree
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I got a letter from the IRS from a Roth distribution back in
Hi, I got a letter from the IRS from a Roth distribution back in 2017 for me and my wife. Code J. I need to fill out form 8606. I need help filling out the form because most of it was principal. … read more
Rick
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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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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
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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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 received an early distribution from a Roth IRA to use for
I received an early distribution from a Roth IRA to use for higher ed purposes. I filled out the form 5329 and am trying to understand the 8606. Do I still show the amt in the section "IRA distributio… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,894 satisfied customers
Was informed by the IRS that I have to fill out an 8606. As
Was informed by the IRS that I have to fill out an 8606. As part of my divorce the court ordered me to transfer my Roth IRA to my ex spouse. i am extremely confused as to how to fill out the form in o… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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Took a roth distribution for first time home expenses. roth
took a roth distribution for first time home expenses. roth opened in 2009 and distribution consisted of earnings and contributions. Earnings amount marked taxable on 1099r. Is this taxable? do i need… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I have a tax question. How do I get connected? I am filing
I am filing my personal taxes for me and my wife. We are filing married, jointly. I made contributions to an IRA and have a complicated question regarding this. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
57,011 satisfied customers
I received an roth ira distribution for the first time which
i received an roth ira distribution for the first time which is less then my contributions over the years. I am under 59 1/2 . What excemption do I use on the the 5329 ? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
57,011 satisfied customers
Lane, If I contributed 5,600 to my Roth IRA and my spouse
Lane,If I contributed 5,600 to my Roth IRA and my spouse contributed 5,500 to their Roth IRA in 2016 but we later found out we were ineligible due to income threshold what will happen to the money in … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I have a 1099R for a friend that I am helping with her
I have a 1099R for a friend that I am helping with her taxes. The Box 7 Code is J. The box 1 amount is 14,800. She rolled over 10,000 to her IRA in 2014 and contributed 4,000 in 2015 then 1,300 in 201… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I just finished my taxes on taxact.com and it shows i owe $7500
I just finished my taxes on taxact.com and it shows i owe $7500 for federal. I think i am entering a roth distribution wrong. It shows up as taxable income. The roth was converted from a 401k back in … read more
jgordosea
jgordosea
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Bachelor's Degree
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I want to withdraw Roth IRA funds (excluding earnings) for
I want to withdraw Roth IRA funds (excluding earnings) for the purpose of higher education at Sunbridge College. This institution is licensed by the NY State Bureau of Propriety of School Supervision,… read more
Wendy Reed
Wendy Reed
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Master's Degree
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I opened a Roth IRA in 1998 and have contributed a total of
I opened a Roth IRA in 1998 and have contributed a total of $10,633. In 2010, I withdrew $8,000 to pay of some high interest credit cards. I am only 38 years old. I was told that I dont have to pay ta… read more
Bill
Bill
Master's Degree
3,255 satisfied customers
Received 1099 R from early distribution of ROTH IRA, I need
Received 1099 R from early distribution of ROTH IRA, I need to file form 8606 for the contributions made to the ROTH? Can you deduct the price of an airline ticket to New Zealand to attend college? Ca… read more
Merlo
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