Re: penalty for excess IRA contributions - too late to file amended return
- From: Charlie K <Chas_K@xxxxxxxxxx>
- Date: 24 May 2007 10:59:01 -0700
John does not realize that $3500 of the distribution
is a non-taxable amount based on his after-tax contributions, and as
such it is not eligible for rollover.
Yes it is.
Consequently, the IRS treats
the ineligible rollover amount as a regular IRA contribution.
No they don't.
.
- Follow-Ups:
- Re: penalty for excess IRA contributions - too late to file amended return
- From: no_replies_newsgroups
- Re: penalty for excess IRA contributions - too late to file amended return
- References:
- penalty for excess IRA contributions - too late to file amended return
- From: no_replies_newsgroups
- penalty for excess IRA contributions - too late to file amended return
- Prev by Date: penalty for excess IRA contributions - too late to file amended return
- Next by Date: Re: Rental property
- Previous by thread: penalty for excess IRA contributions - too late to file amended return
- Next by thread: Re: penalty for excess IRA contributions - too late to file amended return
- Index(es):
Relevant Pages
|
