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May 13, 2021
Question

Backdoor Roth - TurboTax CPA a thing?

  • May 13, 2021
  • 1 reply
  • 0 views

I'm looking for a tax situation for 2021 that goes beyond my ability to take care of most of my finances on my own. If I sign up for TurboTax Live, is this the kind of thing I'm able to talk with a CPA on? I need to understand the tax implications of rolling over a traditional IRA into a 401k so I can contribute to a Roth for backdoor conversions...can all of that be done in the same year?

    1 reply

    May 14, 2021

    Yes. TurboTax Live gives you unlimited access all year to credentialed tax experts such as Enrolled Agents admitted to practice before the IRS.

     

    What is TurboTax Live?

     

    A rollover from a 401(k) to Roth 401(k) is called a Mega Backdoor Roth.

     

    Is The Mega Backdoor Roth Too Good To Be True?

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