Tax Questions Answered: Q&A #2428

The Retirement and IRA Show

In this episode Chris and guest Paul Neiffer, CPA will tackle listener tax questions.

(3:45) A listener’s conversation with their sister has them wondering what strategies are recommended for the last high-earning year before retirement.

(19:00) George plans to sell his rental property and is trying to understand what tax forms he needs as well as the capital gains implications.

(28:00) A listener wonders if there is a way to pay taxes from a Roth IRA account that has already been taxed during a conversion that doesn’t involve form 2210.

(41:30) Chris and Paul help a new listener with how to best time Roth Conversions and whether he’ll be paying Social Security taxes thus increasing his benefits.

(52:10) Georgette wants to know if you roll a T-bill over in Treasury Direct, do you pay federal tax on it for the year it rolls over or do you only pay the tax when you actually receive the payment into your bank account?

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