September 2008 Weddings
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
If it were you (tax related)
ok since no one is a CPA if this was you in this situation what would you do
Here is the scenario
1) I had a retirement account at TIAA cref from my last job
2) I rolled it over to Edward Jones into a Traditional IRA (so no Tax penalty) to the tune of 9k
3) then we converted it to a ROTH IRA (which IS taxable)
4) I got 2 1099R's - 1 from TIAA cref, 1 from Edward jones
My question- If I put both into turbo tax then it shows my Gross Distribution as 18k which it obviously was not, it was half that .
So do I just put 1 in? Just the one that is taxable and then just keep both for my records?
What would you do?
I have a call in to someone that I knwo that may know but I'm impatient what can I say.
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Re: If it were you (tax related)
this is what I'm thinking as well and what my grandpa says (he's not a tax expert but he does them for his church) Thanks!
I asked last night and got no response....I'll go see if anyone answered
Edward jones "can't give" tax advice
Hmmm... There should be codes in the 1099R that would straighten it out. If the tax board isn't helpful, you can try calling the IRS tax hot line.
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LAME.
Does C's job have an EAP? They sometimes have free tax advice; you could try that.
Another option would be to check the IRS website and see if there's any info in FAQs or anything. Or if you can call them for advice? I think we forget that sometimes these people are helpful!
Pretty sure they both go in, then you fill out another form for the IRA rollover and Roth conversion.
This is kind of what I thought. If you get a tax form, that means they reported it to the IRS. To me that means the you should also report it.
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I agree, there should be a form for the conversion. Are you using Turbo Tax?
If all else fails, I would use the last statement, but I have a feeling there is a form for this.
Ok so I called turbo tax and they took me through it. I did do it right. They did BOTH have to be in there but only 1 effects my return negatively.
The other just had to be reported.
Thanks for the help ladies
I believe you enter both and there's a schedule for the conversion. If you are using Turbo Tax, ask the question in the right-hand side toolbar help section and it may answer your question. I had to use this function because we sold some ESP stock this year. We ended up having to upgrade to TT Premier to get the right questions to enter the forms correctly.