shalomaha’s Activity

Mon Jul 13

NL

Boards Post

shalomaha replied to the Tax Strategies board. 8:07 PM

Re: IRA paperwork

Thank you again, AJ - no more questions from me.

NL

Boards Post

shalomaha replied to the Tax Strategies board. 4:43 PM

Re: IRA paperwork

Thank you , AJ.

So let me rephrase: My child inherits my IRA. Is he allowed to leave it in IRA form? Then when he withdraws an amount, that amount is simply taxed as ordinary income.

NL

Boards Post

shalomaha replied to the Tax Strategies board. 12:53 PM

Re: IRA paperwork

Thanks for the replies.

I just have plain vanilla IRAs, so I'm not worried about myself.
But do I understand you to mean that my heirs will have to have the paperwork on purchase price, etc. and they have to pay taxes on profits from my [more]

Sun Jul 12

NL

Boards Post

shalomaha posted to the Tax Strategies board. 3:39 PM

IRA paperwork

What paperwork, i.e. how many years of documentation, if any, do I have to keep re my IRAs? Since I pay taxes on whatever I withdraw, regardless of how long I have kept it, profit or loss, etc. and my heirs will inherit a stepped up basis, is there [more]

NL

Boards Post

shalomaha posted to the Ask A Foolish Question board. 10:46 AM

IRA paperwork

What paperwork, i.e. how many years of documentation, if any, do I have to keep re my IRAs? Since I pay taxes on whatever I withdraw, regardless of how long I have kept it, profit or loss, etc. and my heirs will inherit a stepped up basis, is there [more]

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75189
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to shalomaha’s CAPS page

Boards Stats & Trivia

Board Posts 30
Recs Received 0
People who have rec'd these posts 0
Recs to Posts Ratio (last 30 days) N/A
Threads Started 16
Threads Started Percentage 53.33 %
Most Frequent Board Tax Strategies
Very First Post taxes in inherited IRA (1/11/2008)
Percentage of Posts Rec'd 0.00 %
Show shalomaha’s 10 Latest Posts