h*********n
发帖数: 915 | 1 8000本金只剩2000了。
想关掉帐号，拿回本金，看了一下IRS允许损失计入capital loss抵税。
但是拿回剩余本金算不算distribution，要不要再交税呢？这样就双重交税了。
另外，想再开个普通IRA，放满5000，明年转成Roth。这样可以吗？ | K****D
发帖数: 30533 | 2 You don't pay tax on the $2000 you cash out.
Remember only the part of the $6k loss over 2% of your AGI can deduct
your tax.
Not sure why you want to do the traditional -> Roth thing. You expect
to see much lower tax rate next year?
【在 h*********n 的大作中提到】
: 8000本金只剩2000了。
: 想关掉帐号，拿回本金，看了一下IRS允许损失计入capital loss抵税。
: 但是拿回剩余本金算不算distribution，要不要再交税呢？这样就双重交税了。
: 另外，想再开个普通IRA，放满5000，明年转成Roth。这样可以吗？
| h*********n
发帖数: 915 | 3
Really? Where's the source? Can you point it to me? If so, it doesn't make
much sense to me to liquidate it.
I want to consolidate all IRA's into one Roth: roll-over, traditional, Roth,
such that it will be much easier to manage.
In addition, isn't Roth a good thing? Otherwise, why they set income cap?
I also have a concern to go back to China. In case of early distribution,
Roth is tax free and only 10% penalty, right?
【在 K****D 的大作中提到】
: You don't pay tax on the $2000 you cash out.
: Remember only the part of the $6k loss over 2% of your AGI can deduct
: your tax.
: Not sure why you want to do the traditional -> Roth thing. You expect
: to see much lower tax rate next year?
| K****D
发帖数: 30533 | 4 I don't have official link, but here is one:
http://taxes.about.com/b/2008/11/04/should-you-cash-out-your-ira-in-a-down-market.htm
From google, there are multiple webpages saying the same 2% thing.
Another thing you may want to take a look is the tax deduction due to the
loss might trigger the AMT, since you seem to have pretty high income.
Roth is tax free and penalty free, if you only cash out your contribution.
That 10% only applies to the gain.
Roth,
【在 h*********n 的大作中提到】
:
: Really? Where's the source? Can you point it to me? If so, it doesn't make
: much sense to me to liquidate it.
: I want to consolidate all IRA's into one Roth: roll-over, traditional, Roth,
: such that it will be much easier to manage.
: In addition, isn't Roth a good thing? Otherwise, why they set income cap?
: I also have a concern to go back to China. In case of early distribution,
: Roth is tax free and only 10% penalty, right?
| h*********n
发帖数: 915 | 5 Sorry, but for AMT, I think capital loss is always deductible, isn't it?
Although there's annual cap.
For Roth conversion, assume my contribution to traditional IRA is 16k, and
now it's only 10k, and if I do the conversion. Should I pay tax during this
conversion, since the 16k original contribution is tax-deferred.
【在 K****D 的大作中提到】
: I don't have official link, but here is one:
: http://taxes.about.com/b/2008/11/04/should-you-cash-out-your-ira-in-a-down-market.htm
: From google, there are multiple webpages saying the same 2% thing.
: Another thing you may want to take a look is the tax deduction due to the
: loss might trigger the AMT, since you seem to have pretty high income.
: Roth is tax free and penalty free, if you only cash out your contribution.
: That 10% only applies to the gain.
:
: Roth,
| K****D
发帖数: 30533 | 6 Your Roth IRA loss is not a capital loss, it's a miscellaneous
itemized deduction. Capital loss in on schedule D, not schedule A.
You pay tax on $10k.
this
【在 h*********n 的大作中提到】
: Sorry, but for AMT, I think capital loss is always deductible, isn't it?
: Although there's annual cap.
: For Roth conversion, assume my contribution to traditional IRA is 16k, and
: now it's only 10k, and if I do the conversion. Should I pay tax during this
: conversion, since the 16k original contribution is tax-deferred.
| d***s
发帖数: 7683 | 7 KennyD是投资版最佳版主。
回答问题准确热心耐心。 | d***s
发帖数: 7683 | 8 KennyD是投资版最佳版主。
回答问题准确热心耐心。 |
|
