|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
http://boards.fool.com/if-the-monies-in-the-traditional-ira-were-all-tax-15245030.aspx
|
||
| Subject: Re: Calculating an IRA withdrawal | Date: 6/24/2001 11:19 PM | |
| Author: SirTas | Number: 52058 of 119697 | |
|
If the monies in the traditional IRA were all tax deductible contributions (and their earnings), then the money was never taxed. What you take out of the IRA then gets taxed as ordinary income. (You won't need to refer to your transaction forms at all.) See Pub 590. |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||