Had an IRA with Lincoln Life, transferred one half with local bank & kept this as an Ira in the bank, the remaining one half I used as cash. I am 76 years old, does this disqualify me from using Ira deduction?...
My IRA Advisor said that my new Well is tax deductable. I took money out of my IRA to pay for this new Well. Is what he says true?
If i withdrew money from ira in a bank and open ira in b bank will i have to pay tax?do i have 60 days to deposit money in another bank?
WE INHERITED $37000 IN THE FORM OF AN IRA. THE IRA WERE REDEMMED. HOW DO I ACCOUNT FOR THE MONEY ON THE TAX FORM. I KNOW THE MONEY IS INCOME ,BUT WHAT KIND OF INCOME
I had an IRA account transferred to me from my ex., (court ordered) I have requested that a portion of the funds be turned over to me @25,000, that was on 03/03/08, the company Lincoln Fidelity has yet to honor...
Can I use IRA distribution towards purchase of principal residence and have the interest earned deferred?
My wife has a new Simple IRA plan at work. We also have maximized a Roth IRA. We are each over 60 years old. What are her contribution limits with the rwo IRAs? Does contributing to one limit the contributions...
Any advantage to dividend-producing, tax-free investment in an IRA (munis), that is already sheltered from taxes until distribution, or is the advantage for a taxable investment?
I withdrew money from my IRA during the month of July for a new home purchase. My consultant told me that since this purchase was for a first time purchase I would not be penalized. I informed my tax consultant...
My husband and I moved our retirement money from previous employers into IRA CD's when we moved to a new state. We received statements from the banks with total amount interest earned on said accounts. Do we...
Can I deduct a 6 month IRA on my 2008 tax return for federal and state and if so, what is the maximum deduction for married filing jointly?
I placed $2,000 in an IRA several years age. It was losing money. In 2007 I withdrew the whoe balance of $1,300. How do I report the withdrawal and Loss on my tax return.
My husband and I both cashed in a IRA. He is over 59. I am not. What forms do I need to fill out our income taxes.
If I took money from my IRA but then put it back in before sixty days, I understand that I do not have to pay taxes on that amount. What IRS form do I use to show that transaction?
What are the rules for converting a tradional ira into a stretch or inherted ira for grandchildren What is the amount that would have to be taken out for the minlinun distribution ? When the grandchildren...
I have made an over contribution to my Ira in the amount of $7000.00. I need to figure out the gain or loss amount made on this amount, in order to move the money to another account. How do I go about doing this....
I am a recipient of an ira from my sister's will. She died. I would like to roll this over to an ira in my bank. Can this be done? Thanks. MPH
I have heard you cannot use in a IRA because you can still end up paying a tax on profits. Would you please commit on this for me. Thankyou
Does Transamerica have IRA accounts for individuals. If so, what is the annual rate and is it compounded monthly?
If withdrawal is made premature, can penalty be avoid by deposit the fund back to the ira account within 60 days.
Can a married man or woman designate an unrelated person as beneficiary of his/her IRA without spousal consent?
I deposited after tax money into a IRA in 2006 and declared the IRA deposit on my 2006 tax return. Being I used that amount as a deduction on my taxes is this deposit considered part of a basis for this IRA?
From 2004 to 2007 I failed to include my wife's IRA in our Income tax return is there any way to file amended returns for those years.
I'm considering converting some of my IRA funds over to a Roth IRA this year. I'm 62, semi-retired and won't have significant income this year. Would it be beneficial to pay tax now at a fairly low...
I messed up and created a Roth Ira in April of this year. I found out that you have to have wages not retirement, interest, and social security. I only have $59.40 in wages from a company paid life insurance policy....
What is the last date you can do a convertion from an IRA to a Roth IRA and still be charged to 2007 tax return? Is 12/31/2007 or 4/15/2008 or something else?
What % of IRA balance or $amt can be withdrawn without 10% penalty at age 59 1/2? Entire account?
What can a person do that has taken an IRA total distribution and had tax withheld and it is within the 60 day period?
