4
votes
2answers
46 views
Roth Conversion
I know I should know this. I know you can contribute to Roth or Traditional by 4-15 & consider it as happening last year. If you convert from traditional to Roth by 4-15 can …
2
votes
1answer
28 views
Self directed SEP IRA Investments
Can a self directed SEP IRA formed by a single self employed person invest in shares of a closely held non-U.S. company and receive foreign source dividends/distributions?
3
votes
1answer
68 views
Deadline for contributions to an IRA for taxpayers living abroad
The deadline for contributing to a traditional or Roth IRA is the filing deadline for the tax return without taking into account extensions (i.e., April 15th). What if a person li …
4
votes
3answers
308 views
Taxability of a distribution from an inherited IRA
Client's father passed, and left the client his IRA. Client takes a partial distribution from the IRA. Distribution code is 4 on the 1099-R. 10% tax has been withheld on the 1099-R …
1
vote
3answers
281 views
Can you take losses on a Traditional IRA when you convert to a Roth?
Assume taxpayer has only one traditional IRA account, completely non-deductible contributions, basis exceeds current value.
If it is converted to a Roth, you will pay no tax on th …
3
votes
7answers
276 views
IRA early withdrawal penalty
My client purchased a house(first time) and is getting the $8000 tax credit. However they took out of their retirement account about $25000 but only used $2000 for the purchase of …
2
votes
3answers
161 views
2009 required minimum distribution - reverse after distribution
If you take a 2009 RMD before you were aware that it was not required, can you put it back into the IRA without tax even if the 60 days had elapsed?
2
votes
2answers
58 views
Convert regular IRA to Roth IRAs?
If a husband and his wife have lived together for the entire tax year and filed separate returns, can they convert their regular IRAs to Roth IRAs provided they meet the income req …
