ab22txin
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I think my primary issue here has been that I did not have a clear understanding of the IRA aggregation and pro-rata rules that state you cannot separate the po...
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@dmertz, I’ve slept on this for a few days and ran through things again and I think I must have gotten mixed up.The $13,988 that was rolled over to a traditiona...
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Understood and these updates have now been made.Thanks so much for providing clarity and walking me through this!
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I have never filed a Form 8606. This traditional IRA originated as a rollover from an old 401k. $13,988 was its basis at the time of the rollover in 2021, so I'...
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You're right, there was about $8,154 in the traditional IRA at the end of 2022.This also made me realize that I had the basis for the traditional IRA incorrect....
Activity Feed for ab22txin
- Posted Re: Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 13, 2023 7:44 PM
- Posted Re: Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 13, 2023 7:18 PM
- Posted Re: Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 11, 2023 9:11 AM
- Posted Re: Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 11, 2023 6:57 AM
- Posted Re: Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 10, 2023 4:14 PM
- Posted Re: Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 9, 2023 7:50 PM
- Posted Taxable amount for IRA distribution isn't showing correctly - standard conversion to Roth IRA and recharacterization to backdoor Roth IRA on Retirement tax questions. February 9, 2023 5:14 PM