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tommy85

celia wrote: ↑Sat Mar 20, 2021 2:50 am Good! You can just sign and mail in the Form 8606s to the address where you would mail paper returns.

Thanks

tommy85

I haven't read all the posts, but if your new 1040 ended up with the exact same numbers as the original 1040, then you don't need to amend. Just send in a Form 8606 for each of you with your signature on the back. Keep a copy with your tax return. Thanks for your reply. Total tax owed is same but o...

tommy85

Yes, it does say rollover. [ . . .] Anyways, what is the recourse? Does amending it and doing it right way will fix my problems? Ah, good, mystery solved. Sorry, I don't know about the amendment. My instinct would be, yes, you need to amend, so that the Form 5498 that your IRA custodian sends to th...

tommy85

Another thought: Did Turbotax print the word "ROLLOVER" in the vicinity of Form 1040 line 4b? There is a question when entering the Code 2 1099-R where people sometimes get confused on the difference between a rollover and a conversion and tell Turbotax the wrong thing. Telling it "r...

tommy85

All the above checks out as if you had correctly entered the 2x$6000 non-deductible contributions into Turbotax and as if there were Forms 8606 there and used for your calculations. The good news is that your actual tax calculations appear correct, given the 1099-Rs you describe. The potentially ba...

tommy85

Regarding your point 2, it says " Good News: You dont owe extra tax on this money. Based on your entry in box 7 in 1099R you dont need to pay any extra tax on this money taken out of the acocunt", just like how it shows on the thefinancebuff webpage. I went and looked at thefinancebuff pa...

tommy85

From what I understand, since the state doesn't need 8606. I checked all the forms from last year and they all seem to be there this year. So I am hoping I don't unless someone thinks I am wrong. If you flubbed up reporting of the backdoor Roth process, then the symptom will be that line 4b ("...

tommy85

I just filed my 2020 taxes earlier today [. . .] then I realized [. . .] form 8606 was not generated. But I don't think I paid extra taxes since I remember turbotax telling me I didn't have to pay tax. Remember how there is 2 steps to entering backdoor roth information in turbotax, 1 is to enter 10...

tommy85

How do i correct it, do i go to amend a return.... Yes. TurboTax will give you that option. Do you have a state return that will also need amending? From what I understand, since the state doesn't need 8606. I checked all the forms from last year and they all seem to be there this year. So I am hop...

tommy85

It appears you paid taxes on an extra $6,000 (or $7,000) that you didn’t need to. Since the tax liability will change, fixing it will require an amended return be mailed in. While you are it, dig through every line of the return to look for additional errors so you only have to amend one time. To g...

tommy85

I used download version and yes I missed to check the forms before filing.

tommy85

Yes, I made non deductible contribution to tIRA and then coverted it to rothIRA. And yes i got the 1099R and i entered it right in turbotax. However, I forgot to enter the non deductible contribution part in the deductions and credit section which is what i think led to not generating the 8606 form....

tommy85

Hello all, I just filed my 2020 taxes earlier today and got the return accepted by IRS and then I realized I did not do the backdoor roth steps in Turbotax right and realized form 8606 was not generated. How do i correct it, do i go to amend a return and just do it all over again or is there somethi...

tommy85

4000.00

tommy85

Our local costco had wild caught red snapper on recent visit but I am in the south, so not sure if your Costco would have it as well.

tommy85

Only suggestion would be to use total market fund if available. Yes, we do have one available: Money Market Fund . There is also a Stable Value Fund available. Did you mean to say that I should keep a part of my fixed income investment in a money market fund? Would this still be the case if I don't...

tommy85

Only suggestion would be to use total market fund if available. I pay $4.50/ month for our state's 457b just as a data point to compare to. I think your fees is reasonable.

tommy85

1+ for Misto. Works well for us. One trick is to fill it only upto quarter the tube.

tommy85

Am I interpreting it right that, eligibility for HSA depends on the status on first of the month and if she starts a new job, half way through a month, she will still qualify for HSA contribution for that month but not for following month? Yes, that's right. Note that December 1 is special. If you ...

tommy85

If you are both covered by a Family plan the whole year then you can split up the $7200 any way you'd like. So she could contribute $3600 to her HSA on Jan 2 under that scenario. Or the full $7200 for that matter. It's tricky though because you aren't sure if you'll have Family coverage the whole y...

tommy85

Hello fellow bogleheads, Me and DW are both currently under separate HDHP with same employer and we contributed max amount of $3550 to our individual HSAs in the beginning of 2020. For next year, I was thinking of doing the same however DW has decided to quit her job on January 8, 2021. She will sta...

tommy85

I am supposed to get a few hundred dollars from the closing. Our loan was disbursed yesterday. Anybody know how long before I get my money?

Thanks in advance

tommy85

1+ for verizon prepaid +2 But I hate their website. Very glitchy and have been over a month now showing me "temporary unavailable". I can use their app to manage the account instead. Agree with hating the website. It almost never works on my phone via browser but haven't had problem from ...

tommy85

In addition to medical expenses, you can use the HSA to pay for Medicare premiums, so yes it can absolutely be considered part of retirement savings. And even if you run out of medical expenses to reimburse out of the HSA, from age 65 you can withdraw from it like a traditional IRA (pay regular inc...

tommy85

1+ for verizon prepaid

tommy85

I am torn - I have wanted to refi for months, was hoping my current lender would lower rates / offer a no fee refi .. I don't want to give better.com my ss# LenderFi wants ~$1600 more in closing costs I read another thread saying the increasing tbills should mean current mortgage rates are as low a...

tommy85

I just went through this transition. If you go Google voice route, I would not forwards texts and calls to your cell phone number. That would defeat the purpose. I would keep GV separate and use it via app. Downside to this is if your Google account is hacked, then you have too many eggs in same ba...

tommy85

I am in similar situation except I can log in but can not unfreeze my credit report online. Every time I have to unfreeze, I call their customer service at 888 298 0045 and I pick the last option for "other issues" and speak to customer care representative. I have tried in vain before to g...

tommy85

I just went through this transition. If you go Google voice route, I would not forwards texts and calls to your cell phone number. That would defeat the purpose. I would keep GV separate and use it via app. Downside to this is if your Google account is hacked, then you have too many eggs in same bas...

tommy85

I am torn - I have wanted to refi for months, was hoping my current lender would lower rates / offer a no fee refi .. I don't want to give better.com my ss# LenderFi wants ~$1600 more in closing costs I read another thread saying the increasing tbills should mean current mortgage rates are as low a...

tommy85

Back on topic, the markets are always green on paydays. I’m jinxed Same. I wonder if there's some slight causation there, as people on bi-weekly payroll schedules buy through their 401k on the same date? Or would that have been long-since arbitraged out by now? Feels that way to me every time my re...

tommy85

I have a lock for 2.625 (zero cost A+B+C+E-J) at LenderFi. Another lender came back with 2.5 (zero cost A+B+C+E-J). Is there a fee to cancel at LenderFi? I don't think so, but know that LenderFi may black list you and not do a refi with you again. Oops :oops: I just did that. Had rate lock with Len...

tommy85

I purchased my first house in early 2015. At that time, I got a 30-year fixed mortgage at 3.625%. I now have ~25-year left on that mortgage and I will most likely stay in the house for at least 5+ years if not longer. I started looking into mortgage refinance and I wonder what is the catch. I am lo...

tommy85

Does anybody know if Better has 6 month claw back clause?

tommy85

To all the photography enthusiasts here, I have a Canon Rebel EOS XS that I bought about 10 years ago. I have the kit lense 18-55 mm f/3.5-5.6 and have bought a 50mm f/1.8 separately. However, I am not happy with how my pictures look. For some reason, the pictures look dull and don't look lively en...

tommy85

Often, the best camera is the one you have at the time that you "see the shot", and it doesn't matter what camera it is because it is better than nothing. Sometimes, the simpler cameras allow one to focus on the image. The quality might be compromised, but the image was captured. This sho...

tommy85

I have a lock for 2.625 (zero cost A+B+C+E-J) at LenderFi. Another lender came back with 2.5 (zero cost A+B+C+E-J). Is there a fee to cancel at LenderFi? I don't think so, but know that LenderFi may black list you and not do a refi with you again. Oops :oops: I just did that. Had rate lock with Len...

tommy85

I have a lock for 2.625 (zero cost A+B+C+E-J) at LenderFi. Another lender came back with 2.5 (zero cost A+B+C+E-J). Is there a fee to cancel at LenderFi? I don't think so, but know that LenderFi may black list you and not do a refi with you again. Oops :oops: I just did that. Had rate lock with Len...

tommy85

I would prefer decent pictures with somewhat effort. You could try buying lightroom presets. Or you could always outsource it as well. Or once you find a setting you like, save it and just apply it to all of the photos. Lightroom and photoshop even have a bunch of built in "auto" settings...

tommy85

I'm in a similar situation as the OP - dSLR about 9 years old, several lenses, and NOT an expert or diehard hobbyist. OP should really take a look at the photos a current-gen iphone 11 can take. Yes, I'm comparing a dSLR to a phone camera. Seriously, my wife's iphone11 takes photos with NO adjustme...

tommy85

I am a photography enthusiast, started with the Rebel and kit lenses years ago and then upgraded to higher end Canon body and lenses. I agree with the above comments about the issue probably being related to processing and settings. But do also consider upgrading your lens(es). The Rebel body is pr...

tommy85

HawkeyePierce wrote: ↑Mon Sep 28, 2020 2:13 pm
tommy85 wrote: ↑Mon Sep 28, 2020 1:33 pm Any suggestions on a photography editing online course that you recommend?
I linked one above.

Oops somehow missed it. Thanks.

tommy85

Any suggestions on a photography editing online course that you recommend?

tommy85

Thanks everybody for your inputs. After reading your responses I believe it is the post processing skill that i need to improve myself in. That is the missing piece. And thank you for saving me some money as well

tommy85

Lee_WSP wrote: ↑Sun Sep 27, 2020 1:18 pm This sounds like a post image processing issue, not a camera issue.

I think you are right on now I think about it. Thanks.

tommy85

To all the photography enthusiasts here, I have a Canon Rebel EOS XS that I bought about 10 years ago. I have the kit lense 18-55 mm f/3.5-5.6 and have bought a 50mm f/1.8 separately. However, I am not happy with how my pictures look. For some reason, the pictures look dull and don't look lively en...

tommy85

Tommy some of it is equipment and some of it is ability to manage technology and skill set. It is hard to access without seeing examples. Exposures could be accomplished with six different combinations. Therefore a better gear does not necessarily mean improvement. Chuck Close said on PBS once phot...

tommy85

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tommy85

To all the photography enthusiasts here, I have a Canon Rebel EOS XS that I bought about 10 years ago. I have the kit lense 18-55 mm f/3.5-5.6 and have bought a 50mm f/1.8 separately. However, I am not happy with how my pictures look. For some reason, the pictures look dull and don't look lively eno...

tommy85

I have 2 identical LEs from LenderFI and Better (2.875%, no closing cost, 30 yr fixed, LTV 60%, loan balance 156K). Better said the LenderFi offer is competitive and they cannot beat it. Better is asking for appraisal fees ($550) as deposit which i will get it refunded at the time of closing but LF...

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