New answers tagged

2 votes

Roth IRA recharacterizations, 1099-R, and Form 8606

Recharacterising your $5500 2020 contribution The recharacterisation deadline is the tax filing deadline [1], as opposed to the end of the year of the contribution. So you had until 17 May 2021 (2020'...
user avatar
5 votes
Accepted

If I sell a stock and buy another in an IRA do I have to do anything when filing taxes?

There is no paperwork to be filed with the IRS regarding stock transactions within an IRA. All gains and losses on stocks or mutual funds or bonds held within an IRA stay in the IRA and are totally ...
user avatar
2 votes
Accepted

Filing a missing prior year 8606 & Effect on future tax return

I would recommend filing 2020 Form 8606 by mail as soon as you can, and don't worry about any potential discrepancy with your 2021 tax return. You'll only be completing Part II of 2020 Form 8606 for ...
user avatar
  • 14.6k

Top 50 recent answers are included