Join us on Wednesday, October 22nd any time between 9:00 am and 5:00 pm
Pacific Time for our latest installment of our Ask the Experts event
series. Everything changes when you retire and that includes your tax
returns. We’ll be here to answer all yo...read more
I'm turning 73 this year (2025) and took my first RMD early in the year.
This year, after taking the total RMD, I also did a partial Roth
conversion, as I have for six of the past seven years. After many years
of having a CPA do our taxes, because ou...read more
Hi, trying to keep my income under ~$60k ($48k min + ~$5k HSA + ~$15k
single ) to avoid taxes on capital gains. Seeking an algorithm or some
such so I know how much I can convert from my trad IRA to Roth and not
trigger cap gains taxes.
I am trying to figure out how much I can afford to convert from
Traditional IRA to Roth IRA for 2025 --- but by the time the software is
ready, it is too late to run numbers and make the conversion
(conversions must be done by 31 December, right?) Ho...read more
what is tax deductible in a real estate transaction from both a seller's
and a buyer's point of views)? Assuming it is not a trustee sale.
Brokers' fees? Staging fees? Repair cost of the house right before
selling? New landscape?
I am 67 years old and have worked as an attorney/sole practitioner for
over 25 years. I am still active as a licensed attorney and have pending
cases and clients. In 2021 I had a medical issue and decided to reduce
my work load. That year I had $43k ...read more
Can you confirm that I need to pay regular income tax on an inherited
IRA?Also, I only have to pay long term capital gains tax on the stepped
up value of the inherited TOD brokerage account?
JfcsoupPosted yesterday
| Latest post yesterday by
rjs
I received a retroactive lump sum social security payment of about
$10,000mdue to the Social Security Fairness Act. Some is from 2024. How
will I claim it and how will it be taxed?
QAjoAPosted yesterday
| Latest post yesterday by
rjs
At 70-1/2 I started uring my traditional IRA to make a QCD. How will
this affect my tax bill? since I don't have to claim it as income will
it have no impact?
If I convert $11,600 of my traditional IRA into a Roth IRA next year,
how will this affect my tax bill? I'm currently in the 12% tax bracket
with an AGI of about $85000 and am single
Where can I find out exactly how much I need to withdraw this year on my
Inherited IRA that I received as a beneficiary after my Dad passed in
2022? Thank you!
D2passPosted yesterday
| Latest post yesterday by
KarenL