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    #1

    Roth IRA Distribution

    Client started Roth in 1998. Contributions over the years were 8200.00. Value in 2009 is 13697.00.Took a distribution in 2009 of 5000.00. Am I correct in thinking this is a distribution of clients contribution and is not taxable and is not subject to 10% penalty.
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    #2
    Originally posted by Redneck View Post
    Client started Roth in 1998. Contributions over the years were 8200.00. Value in 2009 is 13697.00.Took a distribution in 2009 of 5000.00. Am I correct in thinking this is a distribution of clients contribution and is not taxable and is not subject to 10% penalty.
    Absolutely. Roth IRA';s are the best thing since sliced bread.
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      I agree that ROTH IRA's are great but NONE of my clients have ever invested money
      into a ROTH IRA. I believe I will recommend ROTH IRA's in my tax newsletter which I give to
      each of my clients every year.

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