RobertB4444
Expert Alumni

Get your taxes done using TurboTax

1. Your calculations are correct

2. Mega-Backdoor Roths are complicated.  While you are correct that moving after-tax money into a Roth incurs no tax implication there are still a number of issues that can get in the way.  I recommend consulting a financial advisor.

3a. Selling stocks to manage your living expenses is more efficient at a much lower tax rate.  

3b. At the tax rate you have listed in question 1 you are correct. 

4. A lot of things are automated in TurboTax but whether it is 'with ease' or not is a matter of opinion.  You have a complex tax situation and should expect your taxes to be complicated as well.  Here are the instructions for entering a backdoor Roth in TurboTax.  It's not a two foot putt.

 

@oochillies 

 

 

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