Go to Jeff Salisbury LWGate Home Page.From: Jeff Salisbury <jeff.salisbury@xmission.com>
Subject: Re: Stock distribution in Roth IRA?
Date: Wed, 02 Aug 2000 15:27:54 -0600
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juanb@vnet.ibm.com wrote: > > I have a Roth IRA setup at E-Trade. Right now, I only have mutual > funds in it, but want to invest in a company. That company is > spinning off one of it's holdings as an IPO in a few months, and after > that will distribute the remaining shares of the company to the > shareholders. My question is how is that distribution handled in > a Roth IRA account? Is that considered a contribution or is it just > like a dividend/cap gain distribution? > > Thanks, > Juan > > - Hello Juan, Tax Free! Remember, you will never pay taxes again on any money in a Roth (assuming you abide by the distribution rules and assuming Congress doesn't change the rules). It doesn't matter how big it grows, it is all tax free as long as you abide by the rules... Jeff - -
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