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Already filed taxes and looking to roll over a Traditional
Already filed taxes and looking to roll over a Traditional IRA into a Roth. I don't think this will push me into a higher tax bracket for taxes this year. But I'm just wondering how do I go about payi… read more
HowardD414
HowardD414
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I have a second question concerning my Roth Contribution for
I have a second question concerning my Roth Contribution for 2020. Early in 2020, I made a $7000 contribution to my Roth IRA ( $0 dollar to my traditional IRA). My gross income for 2020 (because of so… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have a question regarding taxation of a 401k account,
Hello! I have a question regarding taxation of a 401k account … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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October 19, my bank received 2 distributions listed from my
Second opinion] October 19, my bank received 2 distributions listed from my anuities, listed as RMD with tax with held. since we do not NEED to withdraw RMD for 2020, can this money be transferred to … read more
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Im curious if I can avoid a taxable event from the roth IRA
Second opinion] Im curious if I can avoid a taxable event from the roth IRA and traditional ira withdrawals from earlier this year per the SECURE Act as I had a child in July 2018. Or, can I replace t… read more
Jill Flinton
Jill Flinton
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I put a $1000 in a Roth IRA account this year, the company
I put a $1000 in a Roth IRA account this year, the company who's stock i invested that money in went bankrupt and after selling that stock my $1000 is now worth $78. Do I need to pay the tax on that c… read more
Tax.appeal.168
Tax.appeal.168
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I have a TSP account at work. I'm thinking about changing
I have a TSP account at work. I'm thinking about changing from traditional to Roth for 2020, since my husband & I are in the lowest tax bracket. (He's self-employed and we have a farm.) Also, I want t… read more
NelsonProTax
NelsonProTax
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Master's Degree
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Had a IRA "Annuity" transferred into Roth Saving account.
Had a IRA "Annuity" transferred into Roth Saving account. Was told to ask tax professional if this is authorized. If not please advise. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,956 satisfied customers
Question for lane,cfp, how is money put into a roth ira
question for lane,cfp, how is money put into a roth ira taxed? contribution wise? the already taxed dollars comes from the personal account to be placed into the roth ira account but as i understand i… read more
Barbara
Barbara
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In 2017, I rolled over an employee based 401K and Savings
In 2017, I rolled over an employee based 401K and Savings account to an IRA and a Roth IRA. Some info about the original investments: the 401K was all pre-tax investments, including company matching %… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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I made improper ROTH 401k contributions to my SOLO 401k, How
I made improper ROTH 401k contributions to my SOLO 401k, How do i go about correcting that? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,660 satisfied customers
ROTH 401k questions 1. Is the $18,000 amount the after tax
ROTH 401k questions1. Is the $18,000 amount the after tax amount you can put it or it is whatever's left of the $18,000 after taxes?2. When you put in your contribution amount is the % based off your … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,194 satisfied customers
I'm a 33 years old man living in New Jersey. My Roth IRA had
Hi, I'm a 33 years old man living in New Jersey. My Roth IRA had $35,231 in it. On 6/6/2016, Merrill Lynch (the company it was with) had decided to terminate it & distribute the funds ($31,613) back t… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I have a Roth IRA Savings account and I am 20. Can I deposit
I have a Roth IRA Savings account and I am 20. Can I deposit my paycheck into my checking account and make a transfer of an amount into my Roth IRA Savings account? I understand this would be a contri… read more
PDtax
PDtax
Owner
Master's Degree
6,602 satisfied customers
HELLO, I JUST TOOK OUT A 401K LOAN FOR $20,000 AND I WAS TOLD
HELLO, I JUST TOOK OUT A 401K LOAN FOR $20,000 AND I WAS TOLD THAT I WILL BE PAYING MYSELF INTEREST AND NOT A BANK. IF THAT IS THE CASE, WHY SHOULD YOU HAVE TO PAY INTEREST AT ALL? IS THAT AN IRS REQU… read more
Megan C
Megan C
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On a $15,000 Roth IRA fund, what would the penalty for an early
On a $15,000 Roth IRA fund, what would the penalty for an early withdrawl in the State of California. This fund was set up by my parents when I was a child. Could you please calculate the Federal and … read more
William Ellis, CPA
William Ellis, CPA
Master's Degree
241 satisfied customers
Last year I became unemployed, I withdrew about 23,000 dollars
Last year I became unemployed, I withdrew about 23,000 dollars from a roth IRA and used the money to live on. I earned about 19,000 last year from two jobs. total fed income tax witheld was 1,400. I j… read more
Merlo
Merlo
Tax Consultant
560 satisfied customers
I inherited $20k pre-tax dollars from a retirement account
I inherited $20k pre-tax dollars from a retirement account of my ex-spouse. I would like to roll it over into a Roth IRA. I know I will have to pay income taxes on the money. But can I roll over the e… read more
Bill
Bill
Master's Degree
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