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State tax filing
Sorry. I should have indicated the Other Earnings as applicable to an IRA withdrawal. Contributions of $10,000 are invested in equities which appreciate to $20,000. The entire $20,000 is withdrawn. Is that gain taxable? Is that gain taxable as ordinary income vs. long term capital gain (assuming it was held for the required time period)?
‎December 14, 2024
3:10 PM