Search found 9 matches

by movingabroad
Sun Mar 19, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Question
Replies: 5
Views: 483

Re: Wash Sale Question

Anybody have an answer to the Solo 401k with dividends reinvested question? Does that cause a wash sale?
by movingabroad
Fri Mar 17, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Question
Replies: 5
Views: 483

Re: Wash Sale Question

Thanks livesoft. I turned off the automatic dividend reinvestments in the Roth IRA and Taxable account. What about the solo 401k? Does a wash sale pertain to any dividends being reinvested in that? It's not really a big deal to me for TLH. The reason I sold in the first place was just to change fund...
by movingabroad
Fri Mar 17, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Question
Replies: 5
Views: 483

Re: Wash Sale Question

Actually, it looks like I can't even change the setting in my Solo 401k account. When I try to do so, it says "pick a vanguard fund" and there are none listed. Hmm. Not sure what to do now. Looks like I can't avoid the wash sale.
by movingabroad
Fri Mar 17, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Question
Replies: 5
Views: 483

Wash Sale Question

Hello guys, It's my first time dealing with this situation, so I have a question. I recently sold (3/8) a few of my VTI shares in my brokerage account. I wasn't thinking about the dividend reinvestments occurring this month. :oops: I also have VTSMX and VTSAX in my Solo 401k and Roth IRA accounts wi...
by movingabroad
Sat Jan 28, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRA basis question
Replies: 37
Views: 2256

Re: IRA basis question

Actually, I contributed 5,500 to my traditional this year and right before I converted it to the roth, the money market fund paid me a dividend of 9 cents. I then converted the entire $5,500.09 to my roth. Still a 0 basis?
by movingabroad
Sat Jan 28, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: IRA basis question
Replies: 37
Views: 2256

IRA basis question

Hey guys trying to figure out my IRA basis for my non deductible contributions. Here’s all of the IRA contributions I’ve made. Based on the info below, my basis would be $22,000, or 0? I have no balance in my traditional IRA. Every time I’ve made a contribution to one, I’ve immediately converted it ...
by movingabroad
Thu Apr 28, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA being treated as taxable income
Replies: 5
Views: 989

Re: Backdoor Roth IRA being treated as taxable income

Assuming you filed 8606 for both 2013 and 2014. Did you report the conversion in Part II of 8606 for 2014? See a sample 8606 here http://thefinancebuff.com/the-backdoor-roth-ira-a-complete-how-to.html Thanks for replying, Jane. I just looked back at my 2013 taxes and no I didn't report the conversi...
by movingabroad
Thu Apr 28, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA being treated as taxable income
Replies: 5
Views: 989

Backdoor Roth IRA being treated as taxable income

Hey guys, I just received a letter in the mail from the IRS saying that I owe taxes on 11k from my traditional IRA conversions to Roth IRA in 2014. One of those was a late contribution for 2013 and other for 2014. They're considering this as taxable income, which I believe it's not. That would be do...
by movingabroad
Wed Jul 08, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Moving to the Philippines tax question
Replies: 0
Views: 345

Moving to the Philippines tax question

Hey everyone, Love this site. You guys have a wealth of information and are very helpful. I have a few tax questions pertaining to my situation. I'm a self employed professional gambler, and I'm moving from Houston, Texas to the Philippines tomorrow. From what I understand, I'm going to be considere...

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