roth contrib.
72 y.o. client with 50K earned income. contributed 5K to roth in 07, and then in dec. got bonus which brought MAGI to about 125 K. Roth made about $100. in 07. what is best procedure to remove?
72 y.o. client with 50K earned income. contributed 5K to roth in 07, and then in dec. got bonus which brought MAGI to about 125 K. Roth made about $100. in 07. what is best procedure to remove?
Permalink Submitted by Denise Appleby on Fri, 2008-02-29 21:51
Please see responses to posts at
http://www.irahelp.com/phpBB/viewtopic.php?area=&t=981
and
http://www.irahelp.com/phpBB/viewtopic.php?area=&t=781
We are assuming the individual is ‘single’?
Permalink Submitted by [email protected] on Fri, 2008-02-29 22:17
sorry,yes. single
Permalink Submitted by Denise Appleby on Fri, 2008-02-29 22:22
No need to apologize. Just wanted to be sure.
‘hope those threads helped.