Re: [taxchat] Early withdrawal from ROTH

I believe If ROTH a/c is 5 or more years old there is no penalty.

 

 

----- Original Message -----

From: Robert Lukey

To: taxchat@yahoogroups.com

Sent: 11/06/2008 3:29 PM

Subject: [taxchat] Early withdrawal from ROTH

I have a client who made an early withdrawal from their ROTH in 2006. Now I'm preparing their return. I'm confusing myself on this as I don't believe that there is any tax but I believe there is a penalty for early withdrawal. I seem to be missing something on the form 5329 that will let me enter what's needed there. I've never worked with an early withdrawal before.

--
Robert Lukey EA CPA

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