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I sold the stock from my Roth IRA two years ago, I
I sold the stock from my Roth IRA two years ago, I originally opened it up in 2002, sold it 2014. The IRS says I owe money on it. I didn't report it because a tax advisor said nothing was owed on it. … read more
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I received a 1099-R with distribution code 2 and the
I received a 1099-R with distribution code 2 and the IRA/SEP/SIMPLE box checked. This is from my Annuity and I moved that money to my Indexed Universal Life Insurance. Is the IUL considered a roll ove… read more
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Lev
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Returning withdrawn money(contributions) from ROTH IRA. Hi, I withdrew some money for an emergency from my roth IRA in TD ameritrade on 7/27/16. Then on 8/29/16 I switched brokers and transferred what… read more
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Taxpayer changed her job and went to another firm to work. She had a 4019(k) from the previous employer. She rolled over her 401(k) from her previous employer to another brokerage firm. But the broker… read more
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I am doing my daughters taxes...She is 25.....she had 15K in
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This question concerns two of my mother's accounts that she
This question concerns two of my mother's accounts that she closed with Brokerage Firm A and transferred over to the new Brokerage Firm B. The transaction took place in May of 2013. One account was a … read more
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i cashed out a roth ira last year. there were no earnings
i cashed out a roth ira last year. there were no earnings on this account. original deposit was $8000. the withdrawl was for $7000. i am not 59 1/2. do i have a tax liability on this money?… read more
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i made a roth ira contribution for year 2009. then when i was
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a client of mine took out 4000 from her roth ira. it has been
a client of mine took out 4000 from her roth ira. it has been in there over 10 years. her 1099r coded it a j. she is under 59 1/2, should the ira dist. be taxable and there is also a penalty. i though… read more
jgordosea
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I recently bought a security and placed it in a standing, non
I recently bought a security and placed it in a standing, non IRA, brokerage account. Now, I want to put it into a Roth IRA I have set up (at a different brokerage firm)---I have sufficient cash in th… read more
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I have two Roth IRAs that were started in the 2005 tax year,
I have two Roth IRAs that were started in the 2005 tax year, $2000 each. This year I will be 59 and 1/2, and I wish to make tax-free withdrawls. I have been making contributions to both IRA accounts f… read more
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My Dad converted an IRA to a Roth last year. He is 72 and recently
My Dad converted an IRA to a Roth last year. He is 72 and recently retired. He received two 1099R's from this transaction. One states the amount and then the code in box 7 is N which on the back says … read more
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I opened up a Roth IRA in 2007. I contributed $5262 to it
I opened up a Roth IRA in 2007. I contributed $5262 to it in the same year. I did not make any contributions in 2008. However I did decide to close the account out and take an Early Distribution of th… read more
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I have a client who is married, she took an early withdrawl
I have a client who is married, she took an early withdrawl from a Roth IRA of $15,000 which was not a total distribution. She is under the age of 591/2, not disabled, did not use the funds for a firs… read more
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In 2006 my wife and I purchased a MINORITY share of a ...
In 2006 my wife and I purchased a MINORITY share of a privately held California S corporation. I took a Roth IRA withdrawl, in the form of a check made out directly to the seller of stock, to purchase… read more
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In 2006, I contributed $2000 to a ROTH IRA. However, when I
In 2006, I contributed $2000 to a ROTH IRA. However, when I prepared my tax return, I realized that my income was too high and hence this contribution was not allowed. I withdrew this money, but did n… read more
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