Solved: Re: I am moving from TX to CO, need to withdraw from IRA to buy a house in CO

I am moving from TX to CO, need to withdraw from IRA to buy a house in CO

Is this a correct assumption?

"I would like to withdraw IRA while I am in TX in order to avoid additional State income Tax in CO. "

if so, how can I do it properly to avoid the unnecessary income Tax in CO??

posted

Hi! You will want to take the draw prior to making the move and while you are still a TX resident. Since TX does not have an income tax you will avoid state tax entirely.

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View solution in original post

Hi! You will want to take the draw prior to making the move and while you are still a TX resident. Since TX does not have an income tax you will avoid state tax entirely.

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