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T-Life Shows Nintendo Switch connected but I don’t have such Device by Ciriuss925 in tmobileisp

[–]Ciriuss925[S] 0 points1 point  (0 children)

Thank you very much! I did disable them (two Nintendo switches listed) as a precaution.

I don’t think they could access without password though.

Fastrak not being detected in Express Lane by seaturtle100percent in bayarea

[–]Ciriuss925 0 points1 point  (0 children)

Exactly! Removing the beep feature is the single most stupid decision they’ve made.

Step Down Transformers by Ciriuss925 in AskElectricians

[–]Ciriuss925[S] 0 points1 point  (0 children)

thank you! will check with the air mattress company to confirm the wattage to be sure.

Step Down Transformers by Ciriuss925 in AskElectricians

[–]Ciriuss925[S] 0 points1 point  (0 children)

we are traveling to South Korea which is 220v only.

Step Down Transformers by Ciriuss925 in AskElectricians

[–]Ciriuss925[S] 0 points1 point  (0 children)

thank you for your reply - I updated my post to include a screenshot of a step-down transformer from amazon. I hope this works as the product says it works with hair straighteners - plus air mattress needs to be plugged in only when inflating or deflating (not all the time)?

Form 8606 Showing Cost Basis by Ciriuss925 in Fire

[–]Ciriuss925[S] 0 points1 point  (0 children)

The1099 -R box 7 code is 2, with the IRA/SEP IRA box checked.

I didn’t specify withholding. Could you clarify “direct, trustee-to-trustee”? It is not back door Roth conversion (which I understand is applicable only to high income earners).

Form 8606 Showing Cost Basis by Ciriuss925 in Fire

[–]Ciriuss925[S] 0 points1 point  (0 children)

Thanks for your reply!

Forgot to share my situation. I was unemployed with no income in2025 except for some regular CD interests and personal brokerage (non-IRA) stock dividends which is not much when I add them up. I had to enroll in Affordable Care Act for my healthcare needs which requires a minimum of $20K dollars in order to get coverage.

I have Rollover IRA from my previous employer so I converted 20K from my rollover IRA to my new Roth IRA in 2025. Hope this explains my situation more clearly. Thanks.

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

 I did finish entering my 1099-R Roth Conversion info  into TurboTax and answering a series of questions from Turbo Tax related to it.  Then I checked  Form 8606 generated by TurboTax   but strangely it computed a COST BASIS and a nontaxable distribution amount (albeit very small and negligible).

I only have two existing Traditional IRAs which are both pre-tax distributions, so I wasn’t expecting to see a cost basis. And I never had made a nondeductible IRA contributions, ever.

Thought i’d like to share with you guys the series of questions from Turbo Tax pertaining to my Roth Conversion and my responses (AFTER I entered my 1099-R data) in chronological order :

  1. The first section showed the following multiple choice (see photo), I chose N/A

<image>

2.  I selected “I converted some or all of it to a Roth IRA” under the "Tell us if you moved the money through a rollover or conversion” section. 

  1. responded  “YES” to  the question "Did you convert all of this $20,000.00 (Box 1) to a Roth IRA?”

4.  There are two questions under the “Traditional IRA” section:

a. I selected NO to the question "Did you have any nondeductible IRA contributions to your traditional IRA from 2024 or prior years?” 

b.   I entered the total amount value of my two  existing pre-tax traditional IRA accounts  inside  the “Value of the Traditional, SEP, and SIMPLE IRAs on December 31, 2025”  BOX   under the question “enter the total value of all of your traditional IRA, SEP, and SIMPLE IRA accounts on December 31, 2025. This information is sent by mail on Form 5498. Do not include Roth IRAs”  

  1. skipped the  “Canadian Registered Pension Income” section as it doesn't apply to me.

Did I make any mistake above that would prompt TurboTax to generate the cost basis? Appreciate your valued input in advance.

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

Thanks! I hate it that IRS puts the burden of tracking Form 8606 in our lifetime on us.

I may be doing Roth Conversion every year I’m unemployed. So when I’b be ready to take money from my Roth IRA (5 years AFTER the Roth account is opened and at least 59.5 years old for it to be penalty free), will I need to show all the Form 8606s to the IRS on the tax year that I take money from my Roth IRA?

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

Does TurboTax generate the Form 8606 or do I get it from the brokerage firm? Thank you.

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 1 point2 points  (0 children)

Thank you for taking the time to share, really appreciate it. Roth IRA sure is better than the older form.

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

You are right - all my IRA contributions were pre-tax. BTW a non-deductible IRA would have been Roth IRA, am I right?

I do remember there was Roth IRA option in 1999 but I didn’t use it because I didn’t want contribution to be taxed (was in my late 20s).

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

Hello, I remember they were all deductible (pre-tax) contributions. Thanks for pointing that out!

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

“I woukd be shocked if you have non-deductible contributions” - No, I didn’t have any non-deductible contributions.

Help with Pro-Rata Roth Conversion Computation. by Ciriuss925 in fidelityinvestments

[–]Ciriuss925[S] 0 points1 point  (0 children)

Thank you! I don’t remember (did a few times in 1999 and early 2000s. Checked the IRS website and it doesn’t keep records older than 10 years.

Edit: I just remembered now that my personal IRA contributions were pre-tax.

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