I converted a regular to a Roth IRA in 1999. Now I need to pay the taxes on the original rollover amount. I have done well in the stock market with my IRA and have made no additional cash contributions. Can I withdraw from the Roth to pay the taxes for the rollover conversion. Will I have a 10% penalty and/or taxes on the amount I withdraw. I will not have to touch the original conversion funds???? Anyone been there done that??? Thanks in advance for the reply,Tom
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<