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thanks bpicker...ok..if no penalty on pre 59 1/2 ........


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Guest rick123
Posted

withdrawals from roth ira IF you take out only what you put in, then how do you explain this to irs? i received a letter from irs because the mf co. simply stated the withdrawal as a pre 59 1/2 withdrawal. the mf co. didn't know nor care what the details were. how can i keep the irs from doing this again. Is there a way to get the mf co. to code it a different way? Don't they know onlt principal was taken out?

Posted

They would have no idea what you're taking out. It's up to you to explain it to the IRS.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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