The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: MRD with Rollover||Date: 8/29/2001 2:08 PM|
|Author: donri||Number: 53660 of 125707|
Hi Tax Strategy Fools. I have a qualified IRA in an annuity.
I turned 70, May 2001. I am taking funds out of this annuity
over a 5 year plan to avoid a penalty for early withdrawal from
their 7 year plan.
I have received the lst distribution July 9, deposited it in my
checking account. I kept an amount, which exceeded the MRD, and transferred the balance to another Company under a 5 year plan.
My question is: How do I show this activity on my 1040, to show
the IRS what I am doing?
Thanks for the help!! Don Richards
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|