Backdoor Roth Conversion

dimovtax May 1, 2020

Taxation of “Backdoor” Roth Conversions

Backdoor Roth Conversions are tricky – we are happy to assist at any stage of the process:

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 hello@dimovtax.com. 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.