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Are there different tax rules regarding withdrawals of IRA conversion contributions?

April 26, 2017contributions conversion different IRA rules tax withdrawals

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Are there different tax rules regarding withdrawals of IRA conversion contributions?

5 Answers

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A. A distribution that is attributed to an IRA conversion contribution is not subject to income tax. If the distribution is made within five years after the conversion, then the ten percent early withdrawal tax applies, unless there is an exception.

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A.A distribution that is attributed to an IRA conversion contribution is not subject to income tax. If the distribution is made within five years after the conversion, then the ten percent early withdrawal tax applies, unless there is an exception.

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A distribution that is attributed to an IRA conversion contribution is not subject to income tax. If the distribution is made within five years after the conversion, then the 10 percent early withdrawal tax applies unless there is an exception.

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Posted

A distribution that is attributed to an IRA conversion contribution is not subject to income tax. If the distribution is made within five years after the conversion, then the ten percent early withdrawal tax applies, unless there is an exception.

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A Roth IRA distribution that is attributed to an IRA conversion contribution is not subject to income tax. If the distribution is made within five years after the conversion, then the ten percent early withdrawal tax applies, unless there is an exception.