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USER987456
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  • Ok, but TurboTax is saying that I am subject to 6% penalty for excess contribution to the IRA, so since I rolled it all into the Roth there is no penalty? My CP...
    USER987456
    1
    Updated Mar 03, 2025
  • What about the additional $4 in interest that was converted to the Roth, doesn't that $7004 make it over the $7000 limit? thanks
    USER987456
    3
    Updated Mar 03, 2025
  • My CPA friend is telling me that I will be fined for the $4 every year it stays in the account though? Can you explain why the $4 is not treated as an excess et...
    USER987456
    5
    Updated Mar 03, 2025
  • How do I report the investment interest income for the land sale for the next 5 years, just put on 1099 Int manual entry?
    USER987456
    1
    Updated Mar 04, 2025
  • Not making very much profit from this sale at all, though there is %5 interest on the sale over the course of 5 years... Does this necessitate an installment sa...
    USER987456
    3
    Updated Mar 04, 2025
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