Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: rc2seth Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121482  
Subject: Re: 2010 excess contribution to a Roth Date: 2/24/2011 9:13 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Rich and Phil, Thank you for your kind replies. Very helpful. I have tracked down the problem. For others who use TurboTax, be very careful in how you answer its questions in its EasyGuides. When entering IRA info there are tremendous differences in meaning between transfers, rollovers, recharacterize, conversion. If you ever make a mistake in answering a question, even if you go back and correct your answer, TurboTax relentlessly applies your first answer and confusion abounds. My only recourse was to zero out the entire return and start over. Now it works just fine. Make sure you (talking to myself here!) know exactly what you are answering. If you correct an answer but TurboTax becomes nonsensical, you may have to start over. Thanks again Rich and Phil! Note: it looks like other TurboTax users were having similar problems with their IRA entries. Confusing EasyGuide screens.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement