Search found 6 matches

by masrepus
Sat Jun 17, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion and IRS trying to tax it
Replies: 7
Views: 728

Re: Backdoor Roth Conversion and IRS trying to tax it

Anyone know what supporting information to use to support that there are no taxes on a backdoor Roth conversion? Am i right int that the conversion should not have triggered any taxes since it was 5500 into the IRA and then converted to Roth so there are no gains to tax? The supporting information ...
by masrepus
Sat Jun 17, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion and IRS trying to tax it
Replies: 7
Views: 728

Re: Backdoor Roth Conversion and IRS trying to tax it

Goodman60 wrote:Sounds like you are one of many getting nasty grams about 2015 backdoor Roth conversions. Read this thread:

viewtopic.php?f=2&t=221314


Haha, I totally missed searching for CP2000... Thanks for the pointer.
by masrepus
Sat Jun 17, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion and IRS trying to tax it
Replies: 7
Views: 728

Backdoor Roth Conversion and IRS trying to tax it

Anyone know what supporting information to use to support that there are no taxes on a backdoor Roth conversion? Am i right int that the conversion should not have triggered any taxes since it was 5500 into the IRA and then converted to Roth so there are no gains to tax? In 2015 I completed a conver...
by masrepus
Sun Apr 26, 2015 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA options when you can't contribute to it anymore
Replies: 12
Views: 1907

Re: Roth IRA options when you can't contribute to it anymore

Thanks guys for eye-balling the fund choices. You know, I did not pay close attention to the funds in the 401k. The Vanguard index funds were added over the last year and I didn't notice. They definitely make a good argument. They would cover the total market and bond, but the international side is ...
by masrepus
Sat Apr 25, 2015 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA options when you can't contribute to it anymore
Replies: 12
Views: 1907

Re: Roth IRA options when you can't contribute to it anymore

Sorry for the large amount of info... - I admit I have a hard time guessing if I will be in a lower or higher tax bracket in retirement. I have done well recently with my job and moved up in tax brackets. I have saved all along the way though and built a decent IRA. I assume I will continue saving w...
by masrepus
Fri Apr 24, 2015 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA options when you can't contribute to it anymore
Replies: 12
Views: 1907

Roth IRA options when you can't contribute to it anymore

Hi, what are some options on what to do with a Roth IRA that you can not contribute to since you exceed the AGI limits? I would like to get more money into the Roth if possible. The Roth's value is only $7500.00. I can't contribute to it since I exceed the AGI limits. A backdoor Roth is also not an ...