|
Posted by Mark on April 12, 2006, 7:55 am
Please log in for more thread options
> As I read your post, you have a good grasp of the issues.
> Yes, for the non-deductible IRA there is a form you file
> every year (form 8606) to track what post-tax money went in.
> And yes, the IRA magically turns long term gains into
> ordinary income rates, as does my 401k. It's worse than
> Roth, buth some taxpayers are above the Roth income cutoff
> level and can only do the non-deductable IRA.
Thank you to everyone for the replies...
OK no long term cap gain rate break for IRA's at least that
makes it easier to figure out what to do...
thanks
Mark
<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap