Search found 2 matches

by webbow
Mon Jun 29, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Turbo tax Form 8606 for Backdoor Roth
Replies: 9
Views: 634

Re: Turbo tax Form 8606 for Backdoor Roth

Yes we re-characterized the 2019 Roth contribution plus gain into a non-deductible traditional IRA. Then we converted the traditional back to a Roth...
by webbow
Sun Jun 28, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax Form 8606 for Backdoor Roth
Replies: 9
Views: 634

Re: Turbo tax Form 8606 for Backdoor Roth

I have the same question. Both my wife and I contributed the max $6k to our Roth IRA's in 2019, dumped all $6K in each in January 2019. While doing our 2019 taxes in March 2020 I found out that my joint filing married income is over the Roth IRA contribution limit for 2019. In March 2020 I transferr...