I owe $850.00 to federal taxes. I want to pull money from Roth IRA then place in traditional IRA to negate tax. can I do this and how much would I have to withdraw?
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I owe $850.00 to federal taxes. I want to pull money from Roth IRA then place in traditional IRA to negate tax. can I do this and how much would I have to withdraw?
posted
June 1, 20196:22 PM
last updated
June 01, 20196:22 PM
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I owe $850.00 to federal taxes. I want to pull money from Roth IRA then place in traditional IRA to negate tax. can I do this and how much would I have to withdraw?
Why don't you just look at a Transitional IRA contribution for 2018 tax return that is made by 4-15-2019.
What you are trying to do is going to really mess up the 2019 tax return.
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