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Despite Robinhood’s blemished past I still use it to invest. You can too.

This is the Equipment I use or used to use:
Camera:
Lights:
Mic(the mic I use for new videos):
Mics:
Mics (low cost):
Computer(editing):
Tripod:

These are some Investing books I recommend(only Investment books I’ve read are added in no particular order):
1. Common Stocks and Uncommon Profits, Paths to Wealth through Common Stocks, Conservative Investors … and Developing an Investment Philosophy:
2. Fundamental Analysis for dummies:
3. You Can Be A Stock Market Genius:
4. The Behavioral Investor:
5. The Little Book of Behaviorial investing:
6. The Little Book of Value investing:
7. The Dhandho Investor:
8. Financial Shenanigans:
9. Special Situation Investing:
10. Financial Report Reading For Dummies:
11. Warren Buffett’s Ground Rules:
12. Security Analysis:
13. One Up On Wall Street:
14. Beating The Street:
15. Berkshire Hathaway letter to shareholders:
16. Templeton’s way with money:
17. The Black Swan:
18. The Little Book of Common Sense Investing:
19: The little book that still beats the market:
20: Bond Investing For Dummies:
21: Invirtiendo a Largo Plazo:
22: The Llittle Book of Valuation:
23: The Little Book of Big Dividends:
I’ve read many real estate investing books, but don’t recommend any above.

These are some tax books I recommend:
1. J.K Lasser’s: Your Income Tax 2023:
2. J.K Lasser’s Small Business Tax 2023 (great for youtubers, gig economy workers, freelancers, small business owners etc):
3. Tax-Free Wealth:
4. Lower Your Taxes – BIG TIME! 2023-2024:
5. J.K. Lasser’s 1001 Deductions and Tax Breaks 2023:

My favorite Personal finance book’s(In no particular Order):
1. The Psychology of Money:
2. Rich Dad Poor Dad:
3. The Richest Man In Babylon:
4. Ways to Wealth:
5. The Millionaire Next Door:

Amazing Personal/Professional Development books(in no particular order):
1. Leading an Inspired Life:
2. Atomic Habits:
3. The Power of Habit:
4. Can’t Hurt Me(audiobook recommended):
5. Never Finished(audiobook recommended):
6. How to Win Friends And Influence People:
7. The compound Effect:
8. Hustle Harder Hustle Smarter:
9. The Success Equation:
10. How To Lie With Statistics: …(read more)

LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

CONVERT IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

A Roth Conversion can be a beneficial tax strategy for individuals who want to convert their traditional IRA or 401(k) to a Roth IRA. By doing so, individuals can potentially pay less in taxes over time and avoid required minimum distributions (RMDs) in retirement. If you are interested in doing a Roth Conversion, you may be wondering how to input it into Turbotax. In this article, we will provide step-by-step instructions on how to put in a Roth Conversion into Turbotax.

Step 1: Gather the necessary information

Before you begin, make sure you have all the necessary information for your Roth Conversion. This includes:

– The amount of the conversion
– The date of the conversion
– The type of retirement account you converted (traditional IRA, 401(k), etc.)
– Your adjusted gross income (AGI) for the year

Step 2: Open your Turbotax account

If you haven’t already, log in to your Turbotax account and select the tax year you want to enter the Roth Conversion for.

Step 3: Navigate to the Income Tab

Once you have selected the correct tax year, click on the “Federal” tab located at the top of the page. From there, navigate to the “Income” section.

Step 4: Add a new form

In the “Income” section, select “Add a new Form.” Then, choose the form “Form 8606 – Nondeductible IRAs.” This form reports the amount of your Roth Conversion.

Step 5: Fill out the form

Now, you will need to fill out the Form 8606. Here’s how:

– Enter your name, social security number, and filing status.
– In Part I, indicate the amount of any nondeductible contributions you made to your traditional IRA in previous years.
– In Part II, enter the amount of your Roth Conversion. If you converted multiple accounts, you will need to enter each one separately.
– In Part III, calculate the taxable amount of your conversion. This will depend on whether you have previously made any nondeductible contributions to your traditional IRA.
– Once you have completed Form 8606, save the form and continue to the next step.

Step 6: Review your tax return

After you have completed Form 8606, Turbotax will automatically update your tax return. Review your return to ensure that all information is accurate and complete.

Step 7: File your tax return

Once you have reviewed your tax return, you can file it electronically using Turbotax.

Conclusion

A Roth Conversion can be a smart tax strategy for individuals, but it’s essential to ensure that it is done correctly. By following these steps, you can easily input a Roth Conversion into Turbotax and ensure that your tax return is accurate and complete. Remember that if you have any questions or concerns about your Roth Conversion, it’s always best to consult with a tax professional.