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Tax Loss Sale?

To take a tax loss on a fund this year does the sale have to happen thisy year by sale date or is it after 3 days on settlement?
by tonys
Thu Dec 27, 2012 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Sale?
Replies: 1
Views: 155

Thanks for your feedback it is much appreciated. My wife didn't work alot in 2010 so after the conversion we still got back 3K from the feds since I was claiming married but withhold at the single rate in anticipation of the conversion. Also I put 22K in my 401K and my wife 29K. I have the Roths in ...
by tonys
Sun Jul 10, 2011 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Question
Replies: 9
Views: 701

I paid all the taxes and didn't split the tax liability for the 2010 conversion. It seems like I will be able to tap the 2010 conversion dollars in 2012 along with my earlier roth contributions which will probably work for me and my 2011 conversions in 2013. Am I reading this correctly?
by tonys
Sun Jul 10, 2011 7:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Question
Replies: 9
Views: 701

I'm trying not to work again if I can help it. I have had Roth's since 1998 or so so the 5 year rule is no prblem, but not enough to generate significant income via dividends. I do not want to touch principal. My wife will be 59 1/2 in Dec so I am hoping to move some of her 401K to a rollover IRA th...
by tonys
Sun Jul 10, 2011 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Question
Replies: 9
Views: 701

Roth Conversion Question

In 2010 and 2011 I converted 25K each year to a Roth. I also have a another Roth I contributed 6K to in both years. I am 61 y/o and read that you can not take money out of a converted Roth the year after the conversion without a tax penalty. Does that include dividend income from the converted Roths...
by tonys
Sun Jul 10, 2011 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Question
Replies: 9
Views: 701

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