About baldietax

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Solved Re: I am so confused on 8606 form. Can anyone help me?

ok I see so you the contribution in 2013 was 2500, and in 2019 you had a gain to value of 5575 converted to Roth along with 6k in backdoor. this conversion cont...

baldietax

1

Updated Aug 07, 2025
Solved Re: I am so confused on 8606 form. Can anyone help me?

this form is basically saying you had a $5575 loss in the IRA; you're still carrying a basis but the market value is zero. I think you need to go back to the 86...

baldietax

2

Updated Aug 07, 2025
Solved Re: I am so confused on 8606 form. Can anyone help me?

sounds like you need to go back to the 8606 from your original contribution where the problems began..."I over-contributed to a Roth IRA a couple of years ago, ...

baldietax

1

Updated Aug 07, 2025
Re: Rollover IRA to Roth IRA Transfer

The simplest way to handle this, especially if you plan on this being a regular annual event over time, is to establish a plan to file quarterly estimated taxes...

baldietax

Updated Aug 04, 2025
Re: Reporting Currency exchange losses for an American Expat

if my FX math is right (feel free to correct), unless this is some specific currency which got weaker agains the dollar, in general if you converted USD in 2024...

baldietax

Updated Jul 29, 2025

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