Rules For Roth IRA Withdrawals
If I make a partial Roth IRA withdrawal from a converted Roth IRA, will I have to pay taxes on it? That is a question that is often asked by tax payers.
My spouse and I converted most of our Roth IRA a couple years ago, and taxes were paid on it. If we have to, is it possible to withdraw that portion without paying any taxes or penalties? Just a slight technical issue here-any IRAs cannot be owned by two people, even married couples. It belongs to one of you two, and the person with their name on the … Read more at 2009 Tax.