Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Customer pulled money out of ira to pay off mortgage, is this money taxable?

falcon
Level 1
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
IRonMaN
Level 15

Of course it is.


Slava Ukraini!

View solution in original post

0 Cheers
7 Comments 7
IRonMaN
Level 15

Of course it is.


Slava Ukraini!
0 Cheers
sjrcpa
Level 15
and maybe subject to penalty, too.

Ex-AllStar
0 Cheers
IRonMaN
Level 15
Oh, you just know it is going to be :worried::worried:

Slava Ukraini!
0 Cheers
falcon
Level 1
I told them it was taxable,
0 Cheers
falcon
Level 1
I was able to get an answer from IRS on first call within 2 minutes, believe or not.
0 Cheers
sjrcpa
Level 15
Did they give the correct answer?

Ex-AllStar
0 Cheers
falcon
Level 1
Yes.
0 Cheers