Talk:Backdoor Roth

This forum thread: Backdoor Both -- please contribute has a lot of information on how to minimize tax impacts. I don't know how to incorporate the information (if it should be incorporated?), nor how to address the lack of cited sources.

--LadyGeek 19:10, 27 November 2011 (CST)

Should this thread - Backdoor Both -- please contribute (direct link to post) be in the Roth IRA page as suggested? I'm not sure on what to put in the article content.

--LadyGeek 19:53, 28 November 2011 (CST)

Reader feedback: "I didn't know you could "ro...
99.10.125.112 posted this comment on 27 December 2013 (view all feedback).

"'I didn't know you could 'roll-in' a rollover' IRA back into some employers 401(k) plans?"

Any thoughts?

Blbarnitz 11:24, 27 December 2013 (CST)

This is a comment about rolling an IRA into an employer's 401(k) plan. It depends on the employer plan, the topic is out-of-scope for this article.--LadyGeek 21:20, 30 January 2014 (CST)

Reader feedback: Let me suggest to slightly c...
96.237.240.154 posted this comment on 11 January 2014 (view all feedback).

"Let me suggest to slightly change the title of the Wiki page to 'Backdoor Roth IRA Contribution'. Or maybe 'Roth IRA Backdoor Contribution' would be better English. Call me silly, but I had the misperception that this was a one-time mechanism to open a Roth and transfer money on it. I had not perceived that this is actually a contribution mechanism that you can use as many times as you wish. Nothing is wrong in the text in this respect, it was just a misperception, but it seems to me that making the title more specific would help. Many thanks once again to the editors of those great Wiki pages. Siamond."

Any thoughts?

Blbarnitz 15:33, 11 January 2014 (CST)

While the concept of a backdoor Roth IRA is about contribution methodology, changing the title assumes one already knows that fact. New investors may be mislead with "contribution" in the title. --LadyGeek 21:20, 30 January 2014 (CST)

Reader feedback: I'd like to be able to email...
50.151.88.12 posted this comment on 7 March 2014 (view all feedback).

"I'd like to be able to email this page to a friend. Looks like the process is to copy and paste the web address."

Any thoughts?

Another alternative is to use the Download as PDF link that appears in the left sidebar. See also Help:Books --Peculiar Investor 18:49, 17 March 2014 (CDT)

The PDF links are at the bottom left-menu under "Print/export." --LadyGeek 21:59, 17 March 2014 (CDT)

Reader feedback: Taxes for back door contribu...
99.141.185.219 posted this comment on 5 April 2014 (view all feedback).

Taxes for back door contributions made after January 1st

Your 2013 TIRA contributions need to be entered in 2013 return. Those contributions are likely to be non-deductible if you were both covered by employer plan and have income that is too high for Roth IRA contributions. The tax software will track the non-deductible contributions in form 8606. Assuming you didn't do any Roth conversions or IRA withdrawals in calendar 2013, that IRA basis will carry forward to next tax year.

The Roth conversion that you did shortly after your contribution was done in calendar 2014 so that must be handled by your 2014 tax return. The IRA basis from 2013 carried forward to 2014. The conversion will be tax free. If you have sufficient cash to fund 2014 TIRA contributions, you can make them this year and do another full conversion before Dec 31, 2014. If you do this, you will have converted 11K to Roth where 11K was IRA basis. Non-taxable amount = 11K, taxable amount = ZERO.

Thanks to DSInvestor

Any thoughts?

Blbarnitz 12:02, 5 April 2014 (CDT)

Reader feedback: One more link
73.189.43.109 posted this comment on 18 May 2014 (view all feedback).

"One more link at http://whitecoatinvestor.com/backdoor-roth-ira-tutorial/" I added the link, thanks. LadyGeek 19:42, 19 May 2014 (CDT)

Reader feedback: Can I fund a NEW non-deducta...
152.131.8.128 posted this comment on 14 January 2015 (view all feedback).

"Can I fund a NEW non-deductable IRA and then transfer to an EXISTING ROTH???"

Any thoughts?

Peculiar Investor 12:35, 14 January 2015 (CST)

Reader feedback: The section below is wrong....
71.204.78.102 posted this comment on 2 March 2015 (view all feedback).

The section below is wrong. I'm pretty sure it's 75% of the 20,000 that is taxable which would be 15,000 from the conversion.

To compute the tax due, you would need to take $5,000 and divide it by $20,000 (the total value of all your traditional IRAs), to get the percentage of the conversion that will be tax-free. In this case, it is 25%. Therefore, the other 75% of your conversion--in this case, $3,750--would be taxable.

Any thoughts?

Blbarnitz 20:42, 2 March 2015 (CST)

Reader feedback: If non deductible trad ira s...
67.84.4.112 posted this comment on 28 December 2016 (view all feedback).

"If non deductible trad ira suffers a loss, tax effect on roth conversion?"

Any thoughts?

Peculiar Investor 11:02, 30 December 2016 (EST)

Reader feedback: What if married? Husband has...
50.161.152.218 posted this comment on 29 January 2017 (view all feedback).

"What if married? Husband has no forms of deductible IRA... However, wife does have a deductible IRA from previous employer 401k rollover... Does this mean the husband can still perform the backdoor roth IRA without any tax implications? I understand the wife will have to pay taxes pro - rata basis depending on the amount she has in her deductible IRA... Is the husband safe from tax implications?"

Any thoughts?

Peculiar Investor 10:23, 29 January 2017 (EST)