Welcome New User! ( Create Account | Sign In )

Our members earned over $6,000.00 last month! Join Us

How WebAnswers Works|Become an Expert|FAQs|Advanced Search | Leaderboards | Earn Money
Maximize

Start earning today!

You are here: Home   Categories   Taxes   Filing Taxes  Taxable withdrawal from SEP/IRA
  Previous | Next  
 
 
Sep ira If i turn 70.5 and am still contributing to my sep ira, must i take distributions from it?
Ira withdrawal If withdrawal is made premature, can penalty be avoid by deposit the fund back to the ira...
Do i have the right to contribute to my sep ira I am divorced and paying child support. do i have the legal right to contribute to my sep...
Roth ira withdrawal I am 54 years old. i wish to cash in my roth ira. what penalties or taxes will i pay?


Get paid for participating

Ask questions - It's FREE Get answers within minutes.
Fun, fast and easy. Share your opinions with our community. Earn money for answering. See how.

This Question has not been awarded yet.

Post your answer now!

Find more related questions to Taxable withdrawal from SEP/IRA
Question

Submitted 637 days ago...

mberenbrok

mberenbrok

New User (1)

Taxable withdrawal from SEP/IRA

Due to my wife's disability, she withdrew 21,000 from her SEP/IRA to pay debts. All of the money put in was paid with post tax money over about 15 years. My tax program shows that all of the 21,000 is taxable. Shouldn't it be only the interst earned that is taxable since the principle was post tax from our pockets.

Share | Abuse |
 
Answers
No Answers have been posted yet.
 
 
 

Answer This Question Now

Taxable withdrawal from SEP/IRA

If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on this thread.
Simply type your Answer in the box below and post your answer.

Learn more about how WebAnswers.com works

Email Subscriptions

Author adds clarification

All new responses

Related Questions
Need to know process for cashing in ira and sep annuities

I have two existing accounts with Transamerica that I would like to cash in. Need proper forms. Thanks

Open | Category: Finance & Investing | 0 Replies
Ira intrest withdrawal

I am 55 years old and have a non-qualified ira and I would like to take some of the interest which is available (10% of gross annually) and put 5K in a ira for tax reasons. They tell me I have to pay taxes when...

Open | Category: Finance & Investing | 0 Replies
Early Roth Ira Withdrawal

I purchased a roth ira in 2006. It is now worth only 85% of the original purchase price. Can I withdraw the remaining principal without penalty although I am less than 59-1/2?

Open | Category: Finance & Investing | 1 Reply
Is my deceased mother's ira liquidation taxable ?

As executor of my mother's estate I liquidated her IRA. is this taxable? I received a 1099R

Open | Category: 1099 Forms | 0 Replies
Withdrawal penalties in a Roth IRA

If you have a roth ira and your are 70 years of age, are their any penalties involved when you with draw funds

Open | Category: Taxes | 0 Replies
 
answers
Overview | FAQs | Contact Us | Member Agreement | Privacy Policy | Site Map | Partners
Copyright © WebAnswers 2009. All rights reserved.