dmertz
Level 15
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My original reply applies to #1 and #2 without modification.As for question #3, you are correct that for a taxable rollover funds from the traditional 401(k) di...
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Being over age 59½ and having had any Roth IRA for 5 years or more means that any distribution from any of your Roth IRAs is tax-free. For a distribution from a...
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Meeting any of those safe harbors is sufficient to avoid an underpayment penalty. I specifically mentioned 110% of 2024 tax liability since it is the one that m...
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"Does IRS consider this as a good reason for me to postpone my first RMD until 01 April 2026?"Outside of Vanguard taking back the check and treating it as if th...
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You are not permitted to deposit this distribution back into any qualified retirement account because you are not permitted to roll over an RMD. Because the dis...
Activity Feed for dmertz
- Posted Re: roll over 401k to an IRA after roth conversion on Get your taxes done using TurboTax. 52m ago
- Got Cheered for Re: I'm 64 and have a ROTH that's about 3 years old and another ROTH account that's over 5 years old. If I take a distribution from the 3 year old ROTH, will it be tax free?. yesterday
- Posted Re: I'm 64 and have a ROTH that's about 3 years old and another ROTH account that's over 5 years old. If I take a distribution from the 3 year old ROTH, will it be tax free? on Retirement tax questions. yesterday
- Cheered Re: Will the Auto interest Deduction form be fixed? A MAGI of $120,000 is eligible for $6,000 of the car loan interest deduction. The form calculates $0 deduction. for AmeliesUncle. Thursday
- Posted Re: can I re-deposit First RMD check from emplyer 401k to reduce tax liabilty due to miscommuncation on Retirement tax questions. Thursday
- Posted Re: can I re-deposit First RMD check from emplyer 401k to reduce tax liabilty due to miscommuncation on Retirement tax questions. Thursday
- Posted Re: can I re-deposit First RMD check from emplyer 401k to reduce tax liabilty due to miscommuncation on Retirement tax questions. Wednesday
- Posted Re: Form 8606 = where to input the basis of a second IRA. Pro-rata rule on Retirement tax questions. Wednesday
- Posted Re: Can my 72-year-old wife insert her QCD donation into TurboTax Deluxe even though she has $0 RMD? on Retirement tax questions. Tuesday
- Posted Re: roll over 401k to an IRA after roth conversion on Get your taxes done using TurboTax. Monday
- Got Cheered for Re: Rollover IRA impact on Backdoor roth conversion and pro rata. Sunday
- Got Cheered for Re: Rollover IRA impact on Backdoor roth conversion and pro rata. Sunday
- Posted Re: Rollover IRA impact on Backdoor roth conversion and pro rata on Get your taxes done using TurboTax. Sunday
- Posted Re: Maximum retirement contributions for self-employment income in 2025 on Deductions & credits. Sunday
- Posted Re: Backdoor Roth- Suggestion on Dividend accrued in Traditional IRA for 2024 conversion on Retirement tax questions. Sunday
- Posted Re: Maximum retirement contributions for self-employment income in 2025 on Deductions & credits. Sunday
- Posted Re: TT did not use $5300 (older than 55) on Form 8889, Line 3 Worksheet. I qualify to deduct $3975 for Jan-Sep 2025, but $4300 is applied when it should be $5300. Fix? on Retirement tax questions. Sunday
- Posted Re: Rollover IRA impact on Backdoor roth conversion and pro rata on Get your taxes done using TurboTax. Sunday
- Posted Re: Maximum retirement contributions for self-employment income in 2025 on Deductions & credits. Sunday
- Posted Re: TT did not use $5300 (older than 55) on Form 8889, Line 3 Worksheet. I qualify to deduct $3975 for Jan-Sep 2025, but $4300 is applied when it should be $5300. Fix? on Retirement tax questions. Sunday