Wash Sale Rules, Roth Conversions, and RMDs: Q&A #2244

October 29, 2022

Wash Sale Rules, Roth Conversions, and RMDs: Q&A #2244

Chris and in-house CPA, Bob Palechek sit down to discuss listeners questions relating to wash sales, Roth conversions, and required minimum distributions (RMDs).

(6:00) George from California wonders if he can sell funds at a loss in his brokerage account and immediately repurchase identical shares in a Roth IRA to avoid the wash sale rule.

(14:00) George from Connecticut asks about recharacterizing Roth IRA contributions to a traditional IRA before eventually backdooring the contributions back into their Roth IRAs.

(26:30) A listener asks if waiting to do a Roth conversion in Texas instead of California makes more sense from a tax perspective.

(42:00) George from Tennessee looks for advice on how to determine the optimal amount for a Roth conversion in a down market.

(54:30) A listener looks for clarification on when an RMD is taxable in the case of a decedent.

Podcast: Play in new window | Download (Duration: 1:07:31 — 31.2MB)

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