Roth Ira has 2-Part Test for Tax-Free Distribution
The Record, Bergen County, NJ › April 07, 2005
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Summary
Q. I have a question regarding a Roth IRA held for more than five years. On Aug. 2, 1999, I bought 25 shares in the Janus fund for $1,000 in my Roth IRA. I sold it on Aug. 9, 2004, at a loss of about $200. Am I correct in assuming that a Roth IRA when held for five years is not taxable? E.D., Leonia
A distribution from a Roth IRA is tax-free if it is a qualified distribution. For the qualification, two tests must be met:See the full content of this document
Extract
Roth Ira has 2-Part Test for Tax-Free Distribution
*-The distribution must be made after t...
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