turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

CP01
Level 2

Traditional IRA Contributions

Hi all,

My mom is 68 and has been making after-tax contribution to her Traditional IRA since 2011 received adjustment on her tax from 2011 to 2015. She doesn't receive adjustments from 2016 on words on her tax but has form 8606. Can she withdraw only the after-tax contribution from 2011 or from 2016 to date and if she withdraws only the after-tax contributions will she be taxed on the total XX amount? 

I am similar situation but I'm 45, my guess I won't be able to withdraw the after-tax contributions unless I'm 59 1/2?

I don't want her taxes to get complicated with pre-tax and after-tax amounts when she actually starts to withdraw from her Traditional IRA.  Please provide some guidance on what would be the best way to handle this. Thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question