ADVERTISEMENT

OT: Tax Question for taking early distribution from Roth IRA - Thanks!

yy4u

First Round Draft Pick
Jan 12, 2007
36,185
41,690
113
What are the tax consequences for taking out funds since these contributions were taxed before contribution?

I know a regular ira is treated as ordinary income and an early distribution penalty, but I think early Roth distributions are treated diffetently.

What are the IRS filing requriements?
 
ADVERTISEMENT
ADVERTISEMENT

Go Big.
Get Premium.

Join Rivals to access this premium section.

  • Say your piece in exclusive fan communities.
  • Unlock Premium news from the largest network of experts.
  • Dominate with stats, athlete data, Rivals250 rankings, and more.
Log in or subscribe today Go Back