Liquidating the When to have sex when dating
If you liquidate your account prior to reaching age 59 1/2 years all of the earnings will be considered non-qualified and will be subject to taxation.
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If you must liquidate the earnings portion of your Roth IRA prior to reaching age 59 1/2, the earnings portion of your withdrawal will be taxed as ordinary income at your current tax rate.A liquidation of the contribution portion of your Roth IRA is not considered income so there are no tax consequences.Any money that is earned inside your Roth IRA is allowed to grow tax-deferred.The funds in a Roth IRA grow tax free, and withdrawals of contributions are always made tax-free.
The earnings portion of your Roth IRA become qualified after being in the account for at least five years.On the part of a liquidating corporation, no tax shall be imposed, as the transfer in liquidation is not treated as a sale.
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