Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
I am 57 and retired with a disability pension. I recently converted a small Traditional IRA held through a bank to a ROTH. I mistakenly signed the paperwork to take the 10% Federal taxes out of the amount being converted instead of providing the funds myself. Additionally, I then decided that I will soon be withdrawing the entire IRA for a home purchase (penalty free since it's less than $10K). I have already recharacterized a portion back to a Tradtional and now am going to recharacterize the remaining amount. Will I recoup the money pd for Federal taxes when I complete my tax returns? Also, do I file an amended tax return now or wait till for a 1099 regarding this transaction in January 2014?