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Re: [Tax Help for] Early Roth IRA distribution

Alan -- i see you answered my last question already (what year the basis is reported). I have to dig up that document from last year, I don't recall seeing it. Thank you.
by DeathAndTaxes
Wed Feb 13, 2013 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Tax Help for] Early Roth IRA distribution
Replies: 7
Views: 597

Re: [Tax Help for] Early Roth IRA distribution

Thanks Alan -- I have not seen any basis reported for the rolled over funds on the documents I've received. I think that is the crux of my issue, so I will take another look at the documents and see if I'm missing something. Do you know if this amount would be reported in the year of the rollover (2...
by DeathAndTaxes
Wed Feb 13, 2013 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Tax Help for] Early Roth IRA distribution
Replies: 7
Views: 597

Re: [Tax Help for] Early Roth IRA distribution

Thank you for responding. Yes, I am under 59.5. I understand the 10k limit for the home purchase and I understand the tax-free and penalty-free status on regular contributions. My confusion is how to handle the amount rolled over from the Roth 401k into the Roth IRA. The IRA had been open for around...
by DeathAndTaxes
Sat Feb 09, 2013 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Tax Help for] Early Roth IRA distribution
Replies: 7
Views: 597

[Tax Help for] Early Roth IRA distribution

hello fellow B-heads. I will try to make this simple :) I rolled over a large sum from a Roth 401(k) to a Roth IRA in 2011. The Roth IRA had been open for over 5 years. In order to purchase a home, I withdrew the entire account balance in 2012. Two parts of this should be tax and penalty free: * $10...
by DeathAndTaxes
Fri Feb 08, 2013 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Tax Help for] Early Roth IRA distribution
Replies: 7
Views: 597

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