- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
According to the new owners it is was a trustee to trustee transfer and so not reportable. Intriguing... The old owners gave me a W2 because I needed to pay ordinary income tax on it. What remains unclear is whether the amount has a cost-basis from the IRS perspective. I fear I will be double taxed when time comes to do distribution. Oh well. that's many years away 🙂 Thanks for the feedback.
‎June 3, 2019
6:16 PM