Follow this detailed walkthrough of how to report in H&R Block tax software the backdoor Roth contribution made or recharacterized for the previous year.
Latest Blog Posts
How to Close Out a Box Spread Early at Fidelity
If you’d like to close out a box spread early before the expiration date, execute trades in the opposite direction. Here’s how to do it at Fidelity.
Backdoor Roth in TurboTax: Recharacterize & Convert, Same Year
Follow this detailed walkthrough of how to report a Roth conversion in TurboTax after recharacterizing a Roth IRA contribution in the same year.
Use Pascal’s Wager When You’re Not Sure About Tax Rules
It’s not worth spending the time or money to find the true answers to some tricky questions. Choose the path that costs less when you’re wrong.
Split-Year Backdoor Roth IRA in TurboTax, 2nd Year
Follow this detailed walkthrough of how to report a Roth conversion in TurboTax after recharacterizing a Roth IRA contribution for the previous year.
Split-Year Backdoor Roth IRA in TurboTax, 1st Year
Follow this detailed walkthrough of how to report in TurboTax recharacterizing a Roth IRA contribution before converting it again as a backdoor Roth.
Our Experience in Building a Home Over Buying an Existing Home
Why we built a home as opposed to buying an existing home. Building a home can be a satisfying experience if you don’t mind investing the time and energy.
Taxes on Box Spread Trades in TurboTax, H&R Block, FreeTaxUSA
Follow this detailed walkthrough to report gains or losses in long or short box spread trades in tax software TurboTax, H&R Block, and FreeTaxUSA.
2023 State Tax-Free Muni Income in TurboTax, H&R Block, FreeTaxUSA
A portion of the dividends from muni bond funds and ETFs is also exempt from state income tax. Find the percentage and calculate it for your tax software.
2023 I Bonds Interest in TurboTax, H&R Block, FreeTaxUSA
Follow this walkthrough to get the 1099 form for cashing out I Bonds and report the interest income in tax software TurboTax, H&R Block, and FreeTaxUSA.