Posts Tagged ‘withdrawal’
Ira Withdrawal

Question: Withdrawal of excess contributions to IRA – which form?
I contributed too much to my Roth IRA for 2007.. I withdrew the excess last week. What form do I use to report the capital gain, Sch D or something else?
Answer: It isn’t a capital gain. The earnings go on line 21 as “other income”–you also need form 5329 to figure the penalty.
Jean Goblet Testimonial For John Park and PGI SelfDirected
Ira Withdrawal Rules Education
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