Dreamweaver

I'll answer that for you, it's tracked on IRS Form 8606. It's called your "basis" in the IRA, this has no relation to cost basis. When you withdraw funds from the IRA, a pro-rata portion of the withdrawal will not be considered taxable and that amount will go to reduce your basis, until eventually...

[quote]It's simple: 8 game schedule. No divisions. No 'permanent' opponents. Each school would play: 3 teams each year for four years 5 of the 10 other schools would rotate onto the schedule for a home and home for two years 5 remaining schools rotate home and home for the next t...

Ive been happily surprised at how well my 2010 tacoma pre runner has held its value. KBB says its still worth $20k, a depreciation rate of ~10% a year in the years where the depreciation is supposed to be the worst. BTW, you can partially thank or despise the cash for clunkers program for the hi...

So by that logic, that play should just continue on, and no matter how many refs blow the whistle the players should just keep hitting each other. This is one aspect of the replay rules that the NFL has right!...

Then there should be no such things as late hit penalties! Are the players just supposed to determine on their own when to continue playing or not!!!!...

What you are talking about doing is called a conversion, and if you do it you will be responsible for taxes on the $5900 if you were entitled to and took the deduction for the original traditional IRA contribution(s). IMHO, its a smart move as long as you can pay the taxes with money that you have...

Fyi, you can't roll it into a Roth unless it is specifically a Roth 401(k), which have only been around since 2006 or so. You could roll it to a traditional IRA and then do a conversion (by paying taxes on the amount converted) to get it into a Roth IRA. If you are happy with your investment choic...

FWIW, a perfect game doesn't necessarily have no errors, a dropped foul fly is officially an error on the books regardless of whether the batter eventually reaches base or not. So you can have errors in a ball game and still have 27 consecutive outs....

Thanks krehn11 and you are absolutely right. Just wanted to make the OP aware that if his dad happened to die in 2010 the step up may not be automatic and he may have to do just what you suggested. It was also meant as a backhanded comment at how f'ed up our current political situation is vis a vis...

ianae, but unless you are in the real estate biz this is what i believe is considered a passive loss. You don't really lose the deduction you are just not able to take it in the current year, you carry it over from year to year until you either have enough positive income from the property to use...