Announcement

Collapse
No announcement yet.

Rollover from Traditional IRA to Roth-

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Rollover from Traditional IRA to Roth-

    Hello Community

    A client rolled over all funds from their Traditional IRA to a Rollover Roth Account.
    This was not a conversion in the same year.

    In addition to form 8606, are there any other additional form required to be filed.

    Anything to look out for this kind of situation?
    Tags: None
    #2
    Rollover is only for like type; traditional to traditional or Roth to Roth. If it was a Traditional and now a Roth you have a conversion with the entire amount taxable and showing on part II of 8606.

    Comment

      #3
      Wonderful-- Thank you Kathyc2

      Comment

      Previous template Next

      Disclaimer

      Collapse

      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

      Working...
      X