<<<We early withdrew our money from an IRA to invest in stocks. The IRA was with Merrill Lynch . . .>If a direct IRA trustee to IRA trustee transfer was not used, ML probably withheld 20% of the balance for income taxes.>>[snip]20% withholding does not apply to distributions from IRAs, only from employer plans if there is no direct rollover setup.KAT in Chicagolandhttp://www.fairmark.comTax Guide for InvestorsIncludes a complete guide to Roth IRAs
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