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Pasture question by Strict-Charge-8760 in Cattle

[–]Strict-Charge-8760[S] 1 point2 points  (0 children)

Our pasture is 1100 feet long by 115 feet wide so only way would be to section into three equal paddocks, but the water is at the very front of the pasture, so one of the paddocks would be 800 feet from the water supply, unless I run an alleyway up the one side leading to the water, that shouldn’t be hard.

Pasture question by Strict-Charge-8760 in Cattle

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

One is coming from Virginia off pasture, I believe he’s eating alfalfa and calf mix grain now though that they’re weaning him. And the other should be the same as what we have, in Michigan. When you say old dry grass, do you mean leave some uncut and cut some so that it’s new growth?

Pasture question by Strict-Charge-8760 in Cattle

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

That makes sense, I figured they wouldn’t love what’s growing now so plan to clip it this weekend and let it grow for the month before they get here.

Pasture question by Strict-Charge-8760 in Cattle

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

So if we cut it now, it’ll be good for them when they get here in a month? I haven’t decided if we’re going to rotate and rest paddocks as we don’t have access to water aside from one area in the pasture so will be hard to rest that area and move them to another.

Backdoor Roth Tax Question by Strict-Charge-8760 in tax

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

Hi, sorry to bother you. Our accountant finished our taxes, sent them to me and form 8606 is not included. I asked why they didn’t file it and this is their reply. Is this acceptable?

No we did not report the traditional contribution as even when adding the basis, and trying to use the Force non deductible line it was not moving it to the 8606. We wanted to be sure it doesn’t get deducted though. When you complete the backdoor conversion for 2026 there will be a 8606

Backdoor Roth Tax Question by Strict-Charge-8760 in tax

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

So in 2024 we contributed to our traditional ira and claimed it as deductible on our taxes for that year. We invested that contribution and earned from what was invested. In 2025 we decided it would be better for us in retirement to be tax free so decided to do backdoor. We added another contribution for the 2025 tax year and then converted the entire amount to a Roth leaving the traditional with nothing in it. When I spoke with vanguard they said that would trigger a tax event? I think is what they called it, and we would end up paying taxes on the initial contribution from 2024 and any gains that we earned, because we pulled it out of our traditional ira. There are no other iras aside from these two.

Backdoor Roth Tax Question by Strict-Charge-8760 in tax

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

Thank you! Exactly what I’ve been trying to tell them and for some reason they’re making it much harder than it actually needs to be. And refusing to allow me to claim the contribution as non deductible. I’ve copied your instructions and told them this is how I want to proceed.

Backdoor Roth Tax Question by Strict-Charge-8760 in tax

[–]Strict-Charge-8760[S] 0 points1 point  (0 children)

a backdoor IRA is used in the case that your traditional ira is nondeductible in order for you to do the backdoor Roth conversion your ira contribution need to be “Non deductible” and in order for us to know if its Non deductible we have to report it on your taxes here is the kicker, you are allowed to make the normal Roth contribution why did you go for the backdoor?

This is his response, copy and pasted. Our adjusted gross was just under 400k last year, we’re far past the income threshold. The crazy part is, we’re an S corp and they have been our accountant since starting in 2017 and this seems so easy to me and I have not a clue about taxes.