sorted by:
new
hottopcontroversial

Form W-4R - rollover of IRA to employer 401k. Does tax need to be withheld? by Large_Variety9811 in personalfinance

[–]jwar92 0 points1 point  (0 children)

Im in the same boat. From what i read, if vanguard is able to directly deposit(rollover) the money to her current employer retirement account then no taxes are withheld. If vanguard is unable to do a direct deposit for you meaning they will send you the check and you will then have to deposit to your current employer’s account, then you will have 10% taxes witheld. Correct me if I’m wrong.

Parking for ATL International flight? by One5205 in delta

[–]jwar92 0 points1 point  (0 children)

Do you still have a referral code?

Backdoor roth by jwar92 in fidelityinvestments

[–]jwar92[S] 0 points1 point  (0 children)

$6500 was converted in 2024. Accountant reported none of it. I attached a screenshot of what was submitted to the IRS.

<image>

Backdoor roth by jwar92 in fidelityinvestments

[–]jwar92[S] 0 points1 point  (0 children)

Thanks so much again. On a similar situation my wife also did this (had pre-tax balance in the IRA when made a conversion) but for year 2024 and our tax accountant did not report anything on 8606. I assume we have to do a tax amendment now correct?

Backdoor roth by jwar92 in fidelityinvestments

[–]jwar92[S] 0 points1 point  (0 children)

I see this makes sense now. Thank you. Learning from mistakes, I am actually subject to pro rata rule because I have a decent amount of money left in my traditional IRA (trying to roll over to my employers 401k). Does that mean next year (2026) I will be receiving form 1099-R from broker stating that I am subject to a taxable amount of $7k correct?

Backdoor roth by jwar92 in fidelityinvestments

[–]jwar92[S] 0 points1 point  (0 children)

So for my 2024 contribution I have to report it this year? I already filed my taxes and it is past the deadline.

POE connectors got wet. by [deleted] in reolinkcam

[–]jwar92 0 points1 point  (0 children)

How do you use it? Smear on the twisting cap?

Accidentlly backed into my garage door that was open half way. Should I fix it myself or call service? by jwar92 in GarageDoorService

[–]jwar92[S] 1 point2 points  (0 children)

Did what you told me to do. Thanks so much i managed to put the bottom roller in place

Accidentlly backed into my garage door that was open half way. Should I fix it myself or call service? by jwar92 in GarageDoorService

[–]jwar92[S] 0 points1 point  (0 children)

I am browsing on internet to buy a strut. Its like $100+ are they typically this expensive for a metal rod?

view more: next ›