casheverytime1
Level 1
Member profile
- Replies
- Posts
-
Thank you. But every time I put in this information of $11,500 instead of $6,000, it charges me a tax of roughly $2,500
-
I did the conversion after I filed my taxes.I haven't received a 1099-R and it's not available with vanguard at this time
-
Yes, I used the $5,500 from the traditional IRA to convert to a ROTH IRA as a backdoor
-
-
Yes, exactly. I did 3k to the traditional IRA and 2.5k that was recharacterized
Activity Feed for casheverytime1
- Posted Re: I did two backdoor roth IRAs in 2019 (one for 2018). 1099-R says I have $11.5k in box 1 and 2... on Retirement tax questions. January 31, 2020 12:14 PM
- Cheered Re: I did two backdoor roth IRAs in 2019 (one for 2018). 1099-R says I have $11.5k in box 1 and 2... for MarilynG1. January 31, 2020 12:13 PM
- Posted I did two backdoor roth IRAs in 2019 (one for 2018). 1099-R says I have $11.5k in box 1 and 2a, but inputing this instead of 6k moves my tax up. What do I enter? on Retirement tax questions. January 31, 2020 11:38 AM
- Posted If I give $15,000 to my mom and $15,000 to my dad this year and they share the same bank account, do I still need to file a gift tax exclusion 709 form? on Get your taxes done using TurboTax. November 1, 2019 6:47 PM
- Posted I did the conversion after I filed my taxes. I haven't r... on Retirement tax questions. June 6, 2019 1:12 AM
- Posted Yes, I used the $5,500 from the traditional IRA to conver... on Retirement tax questions. June 6, 2019 1:11 AM
- Posted I did a backdoor roth in 2018 and declared $5,500 on my traditional non-deductable IRA. Do I need to addend? How would I do that? Will I pay more? on Retirement tax questions. June 6, 2019 1:11 AM
- Posted Yes. Thank you on Retirement tax questions. June 3, 2019 10:17 AM
- Posted Yes, exactly. I did 3k to the traditional IRA and 2.5k th... on Retirement tax questions. June 3, 2019 10:17 AM
- Posted No my contribution total was $5,500. However, I had to r... on Retirement tax questions. June 3, 2019 10:17 AM
- Posted Yes I reported $5,500 of a non-deductable traditional IRA... on Retirement tax questions. June 3, 2019 10:17 AM
- Posted Do I need to fill out a 8606 or 1040x? I would be happy... on Retirement tax questions. June 3, 2019 10:17 AM
- Posted I recharacterized $2,500 from a roth to a traditional IRA in 2018. I reported a non-deductable traditional IRA amount of $5,500 with turbo tax. What are my next steps? on Retirement tax questions. June 3, 2019 10:17 AM