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re: Question about early Roth distributions
Posted on 5/11/13 at 7:07 pm to TigerDeBaiter
Posted on 5/11/13 at 7:07 pm to TigerDeBaiter
quote:
You quoted something different, but my interpretation of my original question was.
Yeah, I quoted the part I already said in the post that you pulled your quote from that answered your question.
quote:
So I can deposit $100k in May, earn $15k on it throughout the year, and as long a I take out $94,500 by April I'm all square with the my taxes? This is what seemed to good.
You'll have to pay whatever your marginal tax rate is on the 15k, the same as if it were on a taxable account, but yeah.
Your broker might limit you, but the IRS ONLY cares about your balance on April 15.
You can add more, take out, add more, repeat ad neasam.
It only gets locked in on April 15th.
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