dmertz
Level 15
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I assume that this was not a section 1035 exchange into a different contract. The taxable amount is taxable as ordinary income. (An annuity is not a capital inv...
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If you are under age 59½ and have not separated from service with the company that provides the 401(k), it's unlikely that you will be permitted to roll over fu...
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[Deleted.]
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"There is no Form 8606 created (I thought it was required)."This implies that you did not enter a nondeductible traditional IRA contribution, otherwise TurboTax...
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A return of contribution (an RMD impermissibly converted is a failed conversion and therefore constitutes an ordinary contribution to the Roth IRA) is paid to t...
Activity Feed for dmertz
- Posted Re: Tax Reporting for non-qualified variable annuity at surrender on Get your taxes done using TurboTax. yesterday
- Cheered Re: I was contributing to an HSA for family coverage. In June 1st my family changed coverage while I stayed with the HSA. Would my max contribution be $6,425 for 2025? for Mike9241. yesterday
- Posted Re: If I pull money from my 401k to pay for my childs college, what will i need to file on my taxes in 2025? on Retirement tax questions. yesterday
- Posted Re: 401 k roth contribution for 2025 what is the max contribution if self employed individual ,ma... on Retirement tax questions. Saturday
- Posted Re: Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth. on Retirement tax questions. Saturday
- Posted Re: Made a Mistake: Made a Roth Conversion earlier in 2022 Before Taking the RMD - What Should I do? on Get your taxes done using TurboTax. a week ago
- Got Cheered for Re: When does the 6,000 dollar additional benefit get subtracted, before you determine what percentage of benefit is taxable or after?. a week ago
- Posted Re: When does the 6,000 dollar additional benefit get subtracted, before you determine what percentage of benefit is taxable or after? on Retirement tax questions. a week ago
- Got Cheered for Re: IF I CASH OUT AN INHERITED IRA IN THE YEAR OF DEATH, DOES THAT COVER THE BALANCE DUE OF THE RMD FOR THAT YEAR?. a week ago
- Cheered Re: Deceased parent had an unclaimed local tax refund in PA State which I claimed. Are taxes due on this amount? for Opus 17. 2 weeks ago
- Got Cheered for Re: IF I CASH OUT AN INHERITED IRA IN THE YEAR OF DEATH, DOES THAT COVER THE BALANCE DUE OF THE RMD FOR THAT YEAR?. 2 weeks ago
- Posted Re: IF I CASH OUT AN INHERITED IRA IN THE YEAR OF DEATH, DOES THAT COVER THE BALANCE DUE OF THE RMD FOR THAT YEAR? on Retirement tax questions. 2 weeks ago
- Posted Re: IF I CASH OUT AN INHERITED IRA IN THE YEAR OF DEATH, DOES THAT COVER THE BALANCE DUE OF THE RMD FOR THAT YEAR? on Retirement tax questions. 2 weeks ago
- Cheered Re: How does TurboTax handle SECTION 204 OF SECURE 2.0 for annuities with regard to RMD? for SteamTrain. 2 weeks ago
- Posted Re: How does TurboTax handle with regard to RMD? on Retirement tax questions. 2 weeks ago
- Posted Re: How does TurboTax handle SECTION 204 OF SECURE 2.0 for annuities with regard to RMD? on Retirement tax questions. 2 weeks ago
- Posted Re: NUA timing on Retirement tax questions. 2 weeks ago
- Posted Re: Roth 401k to Roth IRA Rollover with Employer Matching on Retirement tax questions. 3 weeks ago
- Posted Re: Contribution withdrawal from Roth IRA on Retirement tax questions. 3 weeks ago
- Cheered Re: I'm trying to plan on changing a roth401k to a standard and would like to know how much i can transfer and the tax rate? for Opus 17. 3 weeks ago