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Shawn P Adamo
Shawn P Adamo, CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions.
Category: Finance
Satisfied Customers: 2884
Experience:  CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience answering these questions.
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Ex and I redeemed an IRA -Joint power of survivorship and wish

Customer Question

Ex and I redeemed an IRA -Joint power of survivorship and wish to split it two ways. How do we determine cost basis and taxes due? Thanks.
Submitted: 1 year ago.
Category: Finance
Expert:  Shawn P Adamo replied 1 year ago.
Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.
The one whose tax is is the one who will get taxes. I can explain but need more info to determine who should get how much.
I will offer you a call
Expert:  Shawn P Adamo replied 1 year ago.
I can do a quick calculation but things like age, income, etc are factors
Expert:  Shawn P Adamo replied 1 year ago.
Please accept the offer so I can share my phone number in a special box
Expert:  Shawn P Adamo replied 1 year ago.
Wounded Warrior is going to receive all my earnings this month in honor of my Memorial Day and my dad being a disabled vet.
If you have further questions please ask. If this answers your question please submit at least an OK rating so I get paid and can donate the money.
Thanks.

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