topic Also, doing this would prevent your spouse from realizing... in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/also-doing-this-would-prevent-your-spouse-from-realizing/01/169836#M13902 Also, doing this would prevent your spouse from realizing any Retirement Savings Contributions Credit for this IRA contribution.<BR /><BR />Even if your wife did not have earned income, if you had sufficient earned income you can use that income to support a spousal IRA contribution as long as you file jointly. Sat, 01 Jun 2019 15:07:58 GMT dmertz 2019-06-01T15:07:58Z Can I withdraw funds from my IRA in 2019 and give them to my spouse to deposit to her IRA for 2018 https://ttlc.intuit.com/community/retirement/discussion/can-i-withdraw-funds-from-my-ira-in-2019-and-give-them-to-my-spouse-to-deposit-to-her-ira-for-2018/01/169822#M13900 Sat, 01 Jun 2019 15:07:55 GMT https://ttlc.intuit.com/community/retirement/discussion/can-i-withdraw-funds-from-my-ira-in-2019-and-give-them-to-my-spouse-to-deposit-to-her-ira-for-2018/01/169822#M13900 gregheck1 2019-06-01T15:07:55Z Well, you would have to pay 2019 taxes on the withdrawal,... https://ttlc.intuit.com/community/retirement/discussion/well-you-would-have-to-pay-2019-taxes-on-the-withdrawal/01/169832#M13901 <P>Well, you would have to pay 2019 taxes on the withdrawal, plus possibly a penalty.</P><P>Did wife have 2018 earned income?</P> Sat, 01 Jun 2019 15:07:57 GMT https://ttlc.intuit.com/community/retirement/discussion/well-you-would-have-to-pay-2019-taxes-on-the-withdrawal/01/169832#M13901 SweetieJean 2019-06-01T15:07:57Z Also, doing this would prevent your spouse from realizing... https://ttlc.intuit.com/community/retirement/discussion/also-doing-this-would-prevent-your-spouse-from-realizing/01/169836#M13902 Also, doing this would prevent your spouse from realizing any Retirement Savings Contributions Credit for this IRA contribution.<BR /><BR />Even if your wife did not have earned income, if you had sufficient earned income you can use that income to support a spousal IRA contribution as long as you file jointly. Sat, 01 Jun 2019 15:07:58 GMT https://ttlc.intuit.com/community/retirement/discussion/also-doing-this-would-prevent-your-spouse-from-realizing/01/169836#M13902 dmertz 2019-06-01T15:07:58Z