• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Recent content by STJW

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

  1. S

    Form 8606

    Can anyone please confirm I am correct with the above?
  2. S

    Form 8606

    Thanks for that FlyingRon. Since Line 23 on Form 8606 is zero (see below) I have nothing to enter on Form 5329. This was a one-time withdrawal of contributions, not earnings. It's just that my basis has dropped to $28,000. As I interpret it there is no tax owed.
  3. S

    Form 8606

    I had to take a nonqualified distribution from my Roth IRA in 2018 due to emergency circumstances. I'm a bit confused how to figure out my tax liability (if any) on Part III. My Line 22 basis is about $30,000 (total contributions since around 2007). The early distribution I took in 2018 was...

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential