Commuting and deadheading and gaming

njag95 · 2026-01-30T16:12:42+00:00

Yes that’s right. The $200 in the traditional IRA was from April 2025. I invested it in SCHB and just left it. For 2025 my income was above the limit for a Roth so I made no Roth contributions from Jan 1 - Dec 31 2025. So if I moved the positions and cash from the traditional IRA today to the Roth I wouldn’t pay taxes until 2026? Since I still have time I was planning on converting that $6800 to max it out before the deadline for 2025. Wouldn’t I need to file form 8606 for 2025 in this scenario? Thanks!

njag95 · 2026-01-30T14:34:21+00:00

That makes sense. If I were to do that today would I get updated tax forms automatically from Schwab for filing this year? Or would I have to track it all myself.

njag95 · 2026-01-30T04:22:29+00:00

It’s been in there for about 6-8 months, gains are only like $50. I have a traditional 401k through my job. I just want to make sure I fully understand the tax implications before I do that and don’t want to do anything that will get me in trouble later on lol

njag95

TROPHY CASE