I have before tax and after tax contributions in separate IRA's that are
more than 5 years old. I want to convert part of the before tax IRA to a
Roth IRA. I am 60 years old. 1. Does the pro-rata rule apply in this
instance? 2. Does the 5 year rule a...read more
rart942Posted 06-05-2019 | Latest post 2 hours ago by dmertz
I overcontributed to my Roth IRA in 2016. I thought I could contribute
$5500, when I could only contribute $4110, which I meant I had an excess
of $1390. In March 2017, I transferred out this amount, plus some (per
the advice of a Fidelity rep), and ...read more
I'm wondering how to file my taxes on my backdoor Roth IRA/form 8606
when it comes time for 2019 taxes in the following situation: 2016: I
over contributed to my Roth IRA2017: I recharacterized the additional
amount, ~1.6K as a Traditional IRA. I inv...read more
In December 2016 we took our first ever IRA distributions. While
preparing our tax forms for 2016 I reviewed the non deductible
contributions we both made to our individual IRA accounts over the
years.I was shocked to find the last 8606 I filed was i...read more
The $11,000 was a non-deductible contribution to an IRA for 2016 and
2017, followed the next day for each of a conversion to a Roth IRA.
TurboTax shows a Form 8606 with a $0 on Line 18, so not sure what the
problem is. TurboTax only asked for my 5498...read more
I have added estate and distribution data, but there is no amount
showing the K-1.This estate/trust for this year 2018, initial return.
Final is next year.Everything was sold and distribution was made for
this year.
