Re: Newbie . . .

On 05/16/12 12:08 am, Lewis G Rosenthal thus wrote :
> Hi, guys...
>
> PMFJI, but as an accountant who just survived another tax season, I 
> thought I'd just chime in here...
>
> On 05/15/12 10:02 pm, Gordon Alley thus wrote :
>> If it's a Roth IRA the contributions have already been taxed, so it's my
>> understanding that you don't have to pay additional tax on 
>> withdrawal. For
>> a traditional IRA (what I have), the contributions are pre-tax, so the
>> distributions are taxed as ordinary income.
>>
>> -Gordon
>>
>> On Tue, May 15, 2012 at 8:06 PM, Edward A. Melia, C.P.A./Attorney<
>> [email protected]>  wrote:
>>
Ed, my initial statement was not to discount your qualifications or 
expertise. What I meant to say was, "as another accountant..." :-)

<snip>

Anyway, I think we all made pretty much the same point, and Randy seems 
to have a direction to take, at least.

Cheers, all!

-- 
Lewis
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Lewis G Rosenthal, CNA, CLP, CLE, CWTS
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