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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
rart942 ‎Posted 06-05-2019 | Latest post 2 hours ago by dmertz
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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
cjlee126 ‎Posted 5 hours ago | Latest post 4 hours ago by macuser_22
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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
cjlee126 ‎Posted Wednesday | Latest post 5 hours ago by macuser_22
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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
forologia ‎Posted 05-31-2019 | Latest post 8 hours ago by IsabellaG
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I want to know the total cost from Turbo tax, but cannot find the answer. Cna't understand the 540X section 1-6, column B
barbfish42 ‎Posted yesterday | Latest post yesterday by HACKITOFF
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Why was I not offered a amount from y’all to get right now paying a fee instead of having to wait on the federal government to deposit my income
aprilalohagirl ‎Posted yesterday | Latest post yesterday by xmasbaby0
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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
Spouse1234 ‎Posted 06-07-2019 | Latest post yesterday by Spouse1234
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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.
stevenmschorling ‎Posted 06-04-2019 | Latest post yesterday by ScruffyCurmudge
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