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IRS Tax Question: If I contribute money into my traditional
IRS Tax Question: If I contribute money into my traditional IRA in 2017, how long do I have to take it out? Is it October 2018? I already filed my tax return. Is there any penalty for leaving it in? W… read more
Lane
Lane
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At what age can one withdraw from a SEP and 401-K and what
at what age can one withdraw from a SEP and 401-K and what are the borrowing provisions … read more
Tax.appeal.168
Tax.appeal.168
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I have an IRA held at an online trading company, classified
I have an IRA held at an online trading company, classified as an IRA. Earlier this year I sold a poor performing fund (TREMX) and currently show a "loss" in my account for the year. Current cash valu… read more
Lev
Lev
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I am considering pulling money from a previous employer 401k
I am considering pulling money from a previous employer 401k to put in a traditional or rollover IRA. It is my understanding if I do this I can avoid the 10% tax penalty when I use the money for my da… read more
Lev
Lev
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I need to withdraw $60,000 from my IRA down payment on a new
I need to withdraw $60,000 from my IRA for a down payment on a new home. What is the best way to do this to minimize taxes… read more
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Stephen. Here's my question: I am 53 years old. My father
Stephen. Here's my question: I am 53 years old. My father died in July of 2014 at the age of 83. There wasn't a lot left in his traditional IRA. Tomorrow, I have to go the credit union and give instru… read more
Lev
Lev
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Bachelor's Degree Equivalent
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my wife is dying with ALS and she has 12000 dollars in an IRA.
my wife is dying with ALS and she has 12000 dollars in an IRA. If I take it all out now which would total 17000 for this year would I pay capital Gains or any other penalties on all or any portion of … read more
Tax.appeal.168
Tax.appeal.168
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John has a land investment needs to pay property tax $327.
John has a land investment needs to pay property tax $327. He used his IRA account to pay $245 and he used his regular bank account to pay$$82. Does all $327 can be deducted on Schedule A? Or only $82… read more
CFEPro789
CFEPro789
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Hi, I am a foreign national (non-US citizen; but resident
Hi, I am a foreign national (non-US citizen; but resident for tax purposes) and am contemplating opening a Roth IRA account. My question is regarding an early withdrawal on the account, if I choose to… read more
Dave CPA
Dave CPA
Master's Degree
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I am retired. In 2010 I rolled over an 15 years old IRA to
I am retired. In 2010 I rolled over an 15 years old IRA to a Roth IRA. Never took any distributions from the IRA. Filed 2010 return advising I would split 1/2 to 2011 retun and 1/2 to 2012 retun. QUES… read more
CGCPA
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Owner
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We have an substantial IRA and I want to borrow 20K for a down
We have an substantial IRA and I want to borrow 20K for a down payment on a a new home. How long can I borrow the money before I have to pay income taxes on it. If I keep it in the house can I income … read more
Anne
Anne
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I am 65 and have opened a Roth IRA in 2010 by converting my
I am 65 and have opened a Roth IRA in 2010 by converting my entire traditional IRA to the Roth. I know there's a tax I need to pay which I will pay over the next two years. My question: Can I withdraw… read more
Stephen G.
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Sr Financial & Tax Consultant
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if i have $300K in retirement funds to rollover into an IRA
if i have $300K in retirement funds to rollover into an IRA and plan to use most of it to pay off high interest debt and leave around $100K to invest, what kind of IRA should i roll it over to minimiz… read more
Bill
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I make over 120K/ annually. I max out my 403b contribution
I make over 120K/ annually. I max out my 403b contribution $16,500 annually and my company also puts aside money for my retirement in a 401A defined benefit plan. I would like to put money into an IRA… read more
Bill
Bill
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Bill I read your answer about depending on your income level,
Bill I read your answer about "depending on your income level, etc, you may not owe any or that much taxes on your IRA withdraw" I am in a real jam, unemployed for long time now, single, just myself a… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I have withdrawn from IRA 12 1/2 yrs that is time used to base
I have withdrawn from IRA 12 1/2 yrs that is time used to base amt on...I still have a large balance in IRA CD..do I have to leave balance and continue payments...or can I now withdraw my balance and … read more
Bill
Bill
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2,074 satisfied customers
If I make a withdrawal from my tradional rollover IRA, ...
If I make a withdrawal from my tradional rollover IRA, can I avoid being taxed on the withdrawal if I pay it back within a certain time period ?… read more
WebTaxMan
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I would like to liquidate my Roth IRA. What are the tax ...
I would like to liquidate my Roth IRA. What are the tax consequences of this action (early withdrawl penalty, etc.)? I haven't made much money on it yet so I don't think it would be extremely negative… read more
Zhicheng Lai
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