Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-21-2022, 08:09 PM   #21
Recycles dryer sheets
Join Date: Dec 2018
Posts: 165
I recently reviewed my tax returns to determine my current “basis” for my single Roth IRA.

Much to my dismay I learned that in 2019 the basis data in Turbotax did not transfer from 2018.

I’m paying more attention on my 2021 return and correcting the basis to reflect all contributions.

I also re-learned that Schwab can’t tell me beyond 10 years what the contributions were or when I opened the account 🤦*♂️. So much for saving tax supporting documents for only 3 years.

Anyway, I noticed the TurboTax worksheets track 5 years of conversions each year. If I pay more attention to that worksheet going forward, I think it will help me estimate the damage I might do [emoji2]
a60dan is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
New Solo Roth 401K vs Existing Roth IRA, vs ??? Advice? CRLLS FIRE and Money 5 02-03-2016 08:48 AM
Traditional IRA conversion into ROTH before 59 1/2 CABarb FIRE and Money 9 04-16-2014 09:07 AM
Do I need an existing Roth IRA to convert from IRA photoguy FIRE and Money 17 02-26-2014 03:03 PM
IRA to ROTH IRA Conversion? rsingh6675 FIRE and Money 28 04-09-2012 08:21 PM
planning IRA to Roth IRA conversion in 2010? tmm99 FIRE and Money 64 01-11-2010 06:43 PM

» Quick Links

All times are GMT -6. The time now is 07:56 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.