2
votes
7answers
113 views
IRA early withdrawal penalty
My client purchased a house(first time) and is getting the $8000 tax credit. However they took out of their retirement account about $25000 but only used $2000 for the purchase of …
1
vote
3answers
140 views
Can you take losses on a Traditional IRA when you convert to a Roth?
Assume taxpayer has only one traditional IRA account, completely non-deductible contributions, basis exceeds current value.
If it is converted to a Roth, you will pay no tax on th …
2
votes
3answers
113 views
2009 required minimum distribution - reverse after distribution
If you take a 2009 RMD before you were aware that it was not required, can you put it back into the IRA without tax even if the 60 days had elapsed?
1
vote
2answers
52 views
Convert regular IRA to Roth IRAs?
If a husband and his wife have lived together for the entire tax year and filed separate returns, can they convert their regular IRAs to Roth IRAs provided they meet the income req …
