I'm over age 65, have retired a few years ago and collect a federal
retirement pension and social security annuity. I am considering working
at home as a self-employed free lance writer planning on filing Sched C
to arrive at my taxable income and Sc...read more
I double checked with my employer that I am eligible for up to $3,000
beyond the $19,000 limit for 2019. However TurboTax offers me no
opportunity to enter this information or override it manually. Thanks
for any help or insights.
I plan on using this money towards a down payment to purchase my
principal residence. Should I wait to rollover to an IRA after leaving
the company or go ahead and withdraw from the 401K?
Hi, I made contribution for traditional IRA $2000 in 2019 and $4000 in
April 2020 and convert the total $6000 to Backdoor Roth IRA in April
2020. I have filed my 2019 tax in FEB 2020. I didn't report the $2000
non-deductible traditional IRA when I fi...read more
Last year I retired from a company that had a profit sharing plan with
only company stock. I rolled all the proceeds from the sale of this
stock directly into an IRA. I received a 1099-R from the ESOP where I
was able to show that this was rolled ove...read more
