Roth IRA, Traditional IRA, 401K » toward http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Q&A: When calculating income for Roth IRA eligibility, do capital gains count toward the total? http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/#comments Mon, 04 Apr 2011 22:23:23 +0000 admin http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ Question by roth: When calculating income for Roth IRA eligibility, do capital gains count toward the total?
I know about the 99k-114k phaseout for single filers in 2007. So for example, if you made 90k in salary and had 25k in capital gains would you be able to contribute to a Roth IRA?

Best answer:

Answer by Spock (rhp)
capital gains do count

see IRS Pub 590 for the details of how to modify AGI for this calculation

http://www.irs.gov/publications/p590/ch02.html#d0e9254

What do you think? Answer below!

]]> http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/feed/ 0 Does the amount converted from a traditional to a roth ira count toward the $5000 roth contribution limit? http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/ http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/#comments Thu, 04 Mar 2010 22:42:00 +0000 admin http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/ I am allowed a $5000 Roth contribution. I want to take $2000 from my traditional IRA and convert it into an existing Roth IRA. Can I put in $5000 PLUS the $2000 conversion, or does the conversion limit my contribution to only 3000 additional dollars this year?

]]> http://www.iraroth.net/2010/03/does-the-amount-converted-from-a-traditional-to-a-roth-ira-count-toward-the-5000-roth-contribution-limit/feed/ 2 Do rollover amounts from a 401k to a traditional IRA count toward the $4000 contribution limit? http://www.iraroth.net/2010/02/do-rollover-amounts-from-a-401k-to-a-traditional-ira-count-toward-the-4000-contribution-limit/ http://www.iraroth.net/2010/02/do-rollover-amounts-from-a-401k-to-a-traditional-ira-count-toward-the-4000-contribution-limit/#comments Sun, 28 Feb 2010 16:35:02 +0000 admin http://www.iraroth.net/2010/02/do-rollover-amounts-from-a-401k-to-a-traditional-ira-count-toward-the-4000-contribution-limit/  

I have contributed the $4000 annual limit to my traditional IRA, and I just remembered that I also rolled over about $1500 from my last employers 401k plan. Will I be penalized for going over the annual limit?

]]> http://www.iraroth.net/2010/02/do-rollover-amounts-from-a-401k-to-a-traditional-ira-count-toward-the-4000-contribution-limit/feed/ 4 When calculating income for Roth IRA eligibility, do capital gains count toward the total? http://www.iraroth.net/2010/01/when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ http://www.iraroth.net/2010/01/when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/#comments Sun, 03 Jan 2010 16:31:27 +0000 admin http://www.iraroth.net/2010/01/when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ I know about the 99k-114k phaseout for single filers in 2007. So for example, if you made 90k in salary and had 25k in capital gains would you be able to contribute to a Roth IRA?

]]> http://www.iraroth.net/2010/01/when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/feed/ 1