Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Back at post 6189 I managed to ask the wrong question. TFMTaxes steered me to the Tax Q & A and I still have not found the answer.

IRA for wife and myself was funded 2,000 each in May 1998. In September company started Simple IRA allowing 6,000. Soon I will have 6,000 plus 2,000 plus 2,000 in location.

It is suspected that 2,000 will need to be removed from my IRA before year end or before April 15, 1999. 2,000 may also need to be removed from wife's IRA.

The rules on this have been elusive. Does anyone know where I should look?

Thanks.

Bill Stanley
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement