The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: How to figure taxes owed on Roth withdrawal?||Date: 12/9/1999 5:36 PM|
|Author: JeffdFool||Number: 22712 of 122846|
Thanks for the reply JAFO,
I did look at both the threads you mentioned and it seems like recharacterizing the 99 contribution as a regular IRA would be a good idea.
The Roth is at TDWaterhouse, they had no idea how to figure the tax due, (because I would still like to keep the 98 portion in the Roth) wouldn't they still need to calculate the 99 portion to recharacterize?
Anyway I getting a recharacterize from TDWaterhouse and I guess it will be up to them to figure it out now.
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