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6/5/2018
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 4 years ago
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 4,420
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
VerifiedHello,
The initial investment and the amount you withdrew in April of 2017 is a qualified tax free distortion from your ROTH IRA.
___
Any income or growth after the distribution would be taxable income. Your cost basis in the investment outside of the ROTH would be the amount that was distributed to you from the ROTH.
The continued distributions are taxable because the distributions are happening outside of the ROTH
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 4 years ago
I understand!!
Please do let me know if you have any additional questions.
Have a great day
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 4,420
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
VerifiedChad EA, CDFA®, CFP® and 87 other Tax Specialists are ready to help you
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