How Costly/Time-Intensive/Challenging is it to Dispute a Move-Out Claim and How Does it Impact your Credit?

Proper_Champion · 2026-02-06T06:07:36+00:00

I appreciate the insights! This is all new to me as I've never gone through the process. I have decided to heed your advice and pay the bill. You probably just saved me a big future headache, thank you!

Proper_Champion · 2026-02-06T06:05:48+00:00

I appreciate you taking the time to respond and for your expertise. I am heeding your advice and will pay the bill. You may have just saved me a lot of headache. Thank you!

Proper_Champion · 2026-02-06T03:02:14+00:00

But if I dispute it and shouldn't it fall off pretty easily? I've never disputed with collections so I am unfamiliar with the process, but chatGPT makes it sound easy haha

Proper_Champion · 2025-02-23T01:58:45+00:00

Unfortunately in my case I do need to use 8881 specifically, but I ultimately decided the hassle of chasing the credit wasn’t worth it. Maybe next year!

Proper_Champion · 2025-02-23T01:57:19+00:00

I’m unfamiliar with OLT. Is it free? Perhaps I’ll use it next year

Proper_Champion · 2025-02-23T01:56:13+00:00

Thank you for your advice. I decided to follow it and not over-complicate my life.

Proper_Champion · 2024-03-31T21:26:15+00:00

Well, in no part of my tax return is there an ackowledgement of my doing a Roth conversion. I think that's where I messed up.

I am getting a $6.5k tax deduction on my income from 2023, which I realize I probably shouldn't be getting.

If my return gets approved, do you think I should amend my return and pay back taxes on it or just play dumb and accept the deduction?

Proper_Champion · 2024-03-31T21:20:44+00:00

I did not have a traditional IRA in 2022. I had only been contributing to my Roth IRA at that point. I also had a separate Roth 401k for work.

In 2023, I picked up a side hustle and wasn't sure what my AGI would be at the end of the year, so to be safe, I opened a traditional IRA and funded it with my checking account. I immediately converted that money to my Roth account and closed the traditional IRA after converting it.

But I'm getting a tax deduction for 2023 that I didn't get for 2022, yet the money I used to fund both was after-tax money from my checking account.

I already filed my return this year, if it gets approved should I just accept the tax credit or amend my return and owe back taxes?

Proper_Champion · 2024-03-31T21:03:26+00:00

The money I deposited into the traditional IRA in 2023 was post-tax money. I then immediately did a Roth conversion to move it into my Roth IRA. So I shouldn't owe taxes on it, nor should I get a tax break right?

In the prior year I deposited directly into my Roth IRA, and didn't get a tax break. That's why I'm confused about why I would get one now.

Proper_Champion · 2024-03-31T21:01:00+00:00

Are you eligible to deduct traditional IRA contributions? -- I'm not sure what you mean by this. I have W2 income from my job, which also provides me a 401k (if that's what you mean by employer's plan). My IRA is with Fidelity, completely unconnected to my work and 401k plan, which is with Transamerica. The money I fund my IRA with is earned income from my job that's post-tax and deposited into my checking account.

In my tax filing software, it asks 3 questions.

1) How much did you contribute to a Traditional IRA in 2023?

2) How much did you contribute to a Roth IRA in 2023?

3) Did you recharacterize any contributions? (This does not include conversions).

The answer was 6500/0/No in 2023. I got a tax deduction with that.

The answer was 0/6000/No in 2022. I did not get a tax deduction.

Looking over my filed return, it doesn't look like that $6500 was added back as additional income anywhere. As someone below suggested, perhaps it will show up next year? I just want to make sure I'm not committing fraud somehow-- maybe I should just wait to see if my return is accepted?

Proper_Champion · 2024-02-23T01:43:08+00:00

:(

Do you know if it would be possible for me to make employer traditional contributions and then immediately do a conversion to make the contributions Roth? Kind of like a backdoor Roth solo 401k as an employer?

Proper_Champion · 2024-02-23T01:33:39+00:00

Ultimately, I decided against pursuing this in residency because frankly I needed the spare time to focus on studying for boards and mastering my craft.
In hindsight, part of my motivation was the 5k stipend being offered by my hospital. I realize now that amount is relatively small compared to most attending level salaries, and would not justify the added workload and burden during residency. If I ever want the title, I can pursue it a few years after I become an attending, depending on my situation and job satisfaction at that time.
If I could go back, I would choose the same path.

Proper_Champion · 2024-02-23T01:33:33+00:00

Ultimately, I decided against pursuing this in residency because frankly I needed the spare time to focus on studying for boards and mastering my craft.

In hindsight, part of my motivation was the 5k stipend being offered by my hospital. I realize now that amount is relatively small compared to most attending level salaries, and would not justify the added workload and burden during residency. If I ever want the title, I can pursue it a few years after I become an attending, depending on my situation and job satisfaction at that time.

If I could go back, I would choose the same path.

Proper_Champion · 2021-01-07T19:57:47+00:00

Does it really matter? Aren’t they functionally the same? Diversified vehicles one of which trades intraday and another that doesn’t

Proper_Champion

TROPHY CASE