When funds from a simple IRA are withdrawn and immediately rolled into a Roth how are taxes determined with respect to the basis of the original IRA, given that some of the contributions to the IRA were taxable and some were not? I assume that they are computed just as they would be if the withdrawal is used for some other purpose, but once the funds are in the Roth does the original basis have any relevance, say to subsequent withdrawal from the Roth?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra