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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 578
Experience:  10 years experience
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Customer Question

I am 73. I want to withdraw all of my gold and silver from my IRA. This will be reported to IRS. What will be the taxes on $121000. Can I take this and purchase a home. Aldo my employer contributed to it how divined how much I contributed andcHUD gave
Submitted: 4 years ago.
Category: Tax
Expert:  Richard replied 4 years ago.
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.



Good afternoon. What is your filing status and what is your taxable income without this without withdrawal? Thank you!
Customer: replied 4 years ago.
my income will be approximately 37,000
Customer: replied 4 years ago.
corrected, my income estimate is 38,100 less 600 which I had withheld for federal taxes each month.