Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Susan Calvin

Susan Calvin's Journal
Susan Calvin's Journal
November 29, 2024

Roth IRA conversion tax reporting. I am so confused!

Make that confused and frustrated. You'd think this would be simple.

I want to convert my entire traditional IRA into my Roth IRA before the end of this year. The question is not whether that makes financial sense. I want to do it because I don't want to be forced into required minimum distributions. That's my only reason.

What I'm trying to figure out is what form or forms is or are required to pay the taxes on the thing by the deadline for paying estimated taxes.

The company that holds my IRA was of no help, as the form they referred me to said it only applied if you were converting part of it. They told me to consult a financial professional. I see no reason to pay for that when all I need to know is what the heck form do I fill out to report the conversion and pay the taxes.

Googling was no help either. It kept wanting to tell me about a backdoor conversion, which does not apply to me. It was no good at just telling me what form to fill out either.

In hindsight, I should have increased my withholding on one of my sources of retirement income at the beginning of this year and then I wouldn't have had to worry about it. Hindsight is 20/20.

Come to think of it, I'm not sure I even need to report the conversion until I do my 2024 taxes. All I really need right now, I think, is just to send in the estimated taxes on the thing.

Help?

November 27, 2024

Dupe, sorry.

Can't seem to just delete it.

November 8, 2024

Why a second Death Star won't be that bad.

https://www.mcsweeneys.net/articles/heres-why-a-second-death-star-wont-be-that-bad

“Mr. Trump’s first term was better than expected… the authoritarian rule that Democrats and the press predicted never appeared. Mr. Trump was too undisciplined, and his attention span too short, to stay on one message much less stage a coup. America’s checks and balances held… We don’t buy the fascism fears, and we doubt Democrats really do either.” — Wall Street Journal Editorial Board, 10/31/24
- - -
Well, it looks as if the Empire has struck back, destroying the rebel base on Hoth and regaining dominance of the galaxy just a few years after the Death Star was destroyed. With many anxious about Palpatine’s resurgence, I, a columnist for the Trade Federation Gazette, am here to tell you that a second Death Star won’t be as bad as some are making it out to be.

It might seem completely delusional to be optimistic about the Empire retaking control of the galaxy, given that Palpatine’s mind has become so ravaged by the power of the Sith that he spends most of his day stumbling around screaming, “They’re eating the Ewoks!” and pretending to fellate Darth Vader’s lightsaber. But as far as we’re concerned, having a madman so consumed by revenge that it has literally scrambled his brain can only be a good thing. It’s fine to have a decaying lunatic in charge of planet-destroying weapons as long as he wields them willy-nilly rather than with a disciplined agenda.
November 6, 2024

Well I was going to stay in until it was called or I keeled over involuntarily

But watching the cameras focused on his podium the last straw.

I took some more blood pressure medicine, not any more than I am allowed, fortunately, and a couple of antihistamines which fortunately function pretty well as sleeping pills for me, although I don't know about tonight, we'll see: and I'm going to do my best to sleep. If I have a nightmare, it can't be any worse.

November 6, 2024

If he actually wins this, and I'm not saying that I'm giving up,

I blame the two M's. The mainstream media with its sanewashing, which CNN is doing right now, and misogyny.

November 6, 2024

No, I am not giving up.

But if we get beat I think it will be on straight up misogyny. Straight up aggressive misogyny.

October 11, 2024

No doubt everybody has already had it with the Green Party,

But just to add to it.......

https://www.everythingishorrible.net/p/the-greens-want-to-harm-their-enemies

“We are not in a position to win the white house,” Green Party surrogate Kshama Sawant declared on Monday, “but we do have a real opportunity to win something historic. We could deny Kamala Harris the state of Michigan. [The crowd cheers.] And the polls show that most likely Harris cannot win the election without Michigan.”

October 4, 2024

Trump is starting to sound like Tommy Smothers.

(I mean Tommy Smothers in character, of course.)

This was prompted by listening to his mouthings about the Biden Administration stealing FEMA funds to pay immigrants to vote for them.

September 11, 2024

Hey Donnie, you don't sell people down the tubes.

You sell them down the river.

Yeah, I know he doesn't know the difference and that this doesn't really matter, but it just struck me as a fitting capper for this, well hell, I don't know what to call it.

Profile Information

Member since: Sat Feb 11, 2017, 11:00 AM
Number of posts: 2,159
Latest Discussions»Susan Calvin's Journal