How Can I Avoid A Tax Penalty?

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[nadertossoun]

The back door is not closed yet! The BBB bill hasn’t gone through yet… meaning 2022 back doors are still eligible!

[mrgeorgeburdell]

Dave, Build Back Broke did not pass. The Roth Conversion is still alive and well.

[mikederucki]

Back door Roth still open unless the Build Back Better act passed, which doesn’t look like it will

[blackworldtraveler]

Most didn't even know this could be done in the 401k aftertax at work.
Was a great way to boost your Roth over $45k a year in contributions.

[CGAZ]

So does capital gains on a brokerage account count against you as income . Does this affect your roth overall allowable income for the year?

[Jim_Curtis]

Dave should NOT be giving tax advice because he is not a tax accountant.

[bassxtcy]

Couldn’t the caller move the money contributed directly to the Roth IRA to a Traditional IRA, then do a backdoor Roth conversion?

[mxerb]

Did the guy really have a question or just gloating?

[marcenelj]

Does an after-tax account mean, you only pay taxes on the growth, not the initial investment?

[tejagundala]

Did NOT YET give away with back door Roth. Oh by the way, Ramsey makes fun of Steve Harvey for telling the truth.

[botlheisaacs]

Most of your advice are deferent from Grant cardone

[johnmorgan]

This co-host makes these videos unwatchable.

[fhuber]

To avoid a tax penalty.... Pay your taxes on time and pay the correct amount.
Report the 4th quarter as being 4th quarter.