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  Topic: Closing Roth IRA - Tax Liability?
p0wder2

Replies: 2
Views: 13306

Post image iconForum: Taxes   Posted: Wed Apr 10, 2013 6:43 pm   Subject: Never Mind
With some additional reading and help in another forum, I figured it out:

The entire distribution will be subject to 10% penalty due to rollover/conversion amount not being held for more than five ...
  Topic: Closing Roth IRA - Tax Liability?
p0wder2

Replies: 2
Views: 13306

Post image iconForum: Taxes   Posted: Wed Apr 10, 2013 1:26 am   Subject: Closing Roth IRA - Tax Liability?
Hello, I'm Ryan.

So...I had a 401k for a brief period of time at my old job, lost my old job, amount was less than $1k, employer opted for mandatory distribution. I opted for rollover to Roth IRA, ...
 
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