generic tax questions
Hi,
Can you help me with some questions:
1) Can you confirm the difference for an IRA beneficiary if within 10 years old versus over the 10 years age difference?
2) For a beneficiary roth IRA, no rmds required, correct?
3) Do most investment companies notify client when the beneficiary IRA is almost 10 years old to remind them to close that account?
4) Do you have a client sales sheet that explains the taxation on social security?
5) How is agi calculated?
6) In a Roth IRA, can you take out deposit within the first 5 years without a penalty?
7) For a 529 or education IRA, if there is unused money, can you transfer into a roth?
8) If income allows it, can you max out 401k roth and still do separate individual roth IRA?
9) Confirming stocks and mutual funds- after holding for 2 years, a distribution would be capital gains, not taxes?
10) confirming step up in basis after death for individual mutual funds and stocks and real estate, correct? If the mutual funds or stocks were jointly held and 1 partner dies, is it a 50% step up?
Thank so much.
Permalink Submitted by Alan - IRA critic on Fri, 2024-01-26 15:41