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 8606  Form 2017

2017-2025 Form

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hello and welcome to this episode of unvested shares in this video I will be showing you how to fill out form 80606 which is the IRS form that needs to be submitted when you do a backdoor Roth conversion so again when you do a backdoor Roth conversion which I will briefly run over again as a review you need to include form 80606 when filing your tax return and I'm going to show you how to fill that out in today's video so as a brief reminder a backdoor Roth conversion or back to a Roth IRA is a strategy that is often used by high earning individuals who cannot contribute outright to a Roth IRA because they make too much money stated quite simply in 2018 if you are a single filer and earn over 135 thousand dollars you can no longer contribute to a Roth IRA or if you are a joint filer and as a unit you earn over one hundred ninety nine thousand dollars you can not contribute to a Roth IRA so again the backdoor Roth conversion and the strategy there is you contribute up to

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