Taxation of “Backdoor” Roth Conversions
- Planning: if you are going to be converting a large dollar amount of pre-tax IRA or 401k contributions, it is a good idea to plan for tax impact. Contact us below to find out how this is done.
- Execution: if you already know you are converting & need assistance making sure you know what to tell your brokerage firm, contact us. It is very common that these are completed incorrectly.
- Reconciliation: If you have received an incorrect 1099-R, let us know – we know how to correct this with the IRS.
- Filing: Happy to file your tax & make sure you are not double-paying or overpaying taxes.
For further information, please feel free to reach out to us at firstname.lastname@example.org. We specialize in taxation of retirement accounts. Our experience with this is personal as well as professional, as both our clients as well as ourselves use these strategies.