I ran a search to see if I could find an answer but couldn't get a read on my specific situation. Essentially, I was downsized last year and had my 401(k) rolled over to a Vanguard IRA (trustee to trustee). As I understand it, I have to report the amount on line 16 of the 1040 and that should be it for this step.I took the further step of converting the IRA to a Roth toward the end of 2002. Then, for personal reasons, I decided to recharacterize it *back* to a traditional IRA in Feb, 2003. Thus, it becomes a 'wash'. I'm assuming I have to somehow account for these maneuverings on my 1040, but I'm not sure how to do that exactly, or if its even necessary.As an aside, I know I have to wait 30 days before I can convert to a Roth again, should I decide to do so.Thanks,Mark
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra