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#2
01-02-2008, 07:17 PM
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 Re: Roth IRA Conversion - quote - > I was not expecting it to handle the tax consequences. I think I will
If you're transfering shares of a stock/fund from one account to> Try the sell/ buy approach since there is already an Roth IRA account > and I'm converting part of a Rollover IRA which will go to an existing Roth > IRA account. another, you should use the transfer shares approach. Go into the "from" account and create a new transaction. The type will be "Transfer Out" and you will be able to specify the "to" account. |
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#1
12-19-2007, 12:00 PM
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| Re: Roth IRA Conversion Thanks Cal, I was not expecting it to handle the tax consequences. I think I will Try the sell/ buy approach since there is already an Roth IRA account and I'm converting part of a Rollover IRA which will go to an existing Roth IRA account. -- Jon Hildrum Jon_Hildrum[at]msn.com www.hildrum.com "Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message news:4f9gm350oattqal7mmmp06jlapmsc9cagh[at]4ax.com... - quote - > In microsoft.public.money, Jon_Hildrum wrote: > > How would I handle a conversion from a standard IRA to a Roth IRA ??? > Money does not have a special treatment for Roths. So there are at > last a couple ways. If not downloading, I would tend to just rename > the account in Money and change the account number. > Alternatively, you could create a new account, sell the contents of > the old account, transfer the funds to the new account, and Buy the > securities. > If downloading, I would see what downloaded and tend to follow > along, and tweak as needed. > In any case, Money is not going to get the event to your tax forms > for you. |
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12-18-2007, 08:05 PM
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| Re: Roth IRA Conversion In microsoft.public.money, Jon_Hildrum wrote: - quote - > How would I handle a conversion from a standard IRA to a Roth IRA ???
Money does not have a special treatment for Roths. So there are atlast a couple ways. If not downloading, I would tend to just rename the account in Money and change the account number. Alternatively, you could create a new account, sell the contents of the old account, transfer the funds to the new account, and Buy the securities. If downloading, I would see what downloaded and tend to follow along, and tweak as needed. In any case, Money is not going to get the event to your tax forms for you. |
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#-1
12-18-2007, 06:46 PM
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| Roth IRA Conversion How would I handle a conversion from a standard IRA to a Roth IRA ??? -- Jon Hildrum Jon_Hildrum[at]msn.com www.hildrum.com |
| Tags |
| conversion, ira, roth |
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