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ellvielvi33
New Member

If I move my Fidelity Roth Ira to a money market Fidelity assures me there are no penalties nor will I have to enter as income for my 2019 taxes..

 
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MichaelL1
Level 15

If I move my Fidelity Roth Ira to a money market Fidelity assures me there are no penalties nor will I have to enter as income for my 2019 taxes..

If you move the money form stock to money market there is nothing to report.

Otherwise there should be a 1099R however due to Roth and if you meant the criteria there would be no income taxes.

Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free.


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MichaelL1
Level 15

If I move my Fidelity Roth Ira to a money market Fidelity assures me there are no penalties nor will I have to enter as income for my 2019 taxes..

If you move the money form stock to money market there is nothing to report.

Otherwise there should be a 1099R however due to Roth and if you meant the criteria there would be no income taxes.

Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free.


View solution in original post

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