Guest AFRICA Posted August 8, 1999 Posted August 8, 1999 If UBI is in excess of $1000.00 the UBI is taxed ( the IRA custodial is required to debit the taxes from the IRA and pay it over to the IRS) My question is, since this $1000+ is already taxed, how will the IRA holder avoid those funds being taxed again when it is distributed? Thanks Africa ------------------ AFRICA6796@AOL.COM/email]
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