Well, if the buy out happens and some or all conve
Post# of 72440
Posted On: 12/11/2013 8:44:49 PM
Well, if the buy out happens and some or all converts to cash, then yes, I plan on the buyout putting me well beyond the roth contribution limit. Well well beyond 
If I don't need to cross this bridge in 2014, the question will still remain for 2015. However, I think I found the answer. Pub 529(?) on irs.gov describes ira workings. If I go over the $129k AGI in 2014 I have until the 2014 filing date in april 2015 to remove my roth contribution AND any profit that was made from those funds. I did not read far enough to understand if it would require me to adjust my 2014 filing or if I could then add that roth overcontribution's profit to my 2015 income.
ps: I typically could give a flying fornication for these topics, but it's kind of fun to think this far ahead when this far ahead is looking so profitable - thankyou CTIX and team! Keep up the good work.
If I don't need to cross this bridge in 2014, the question will still remain for 2015. However, I think I found the answer. Pub 529(?) on irs.gov describes ira workings. If I go over the $129k AGI in 2014 I have until the 2014 filing date in april 2015 to remove my roth contribution AND any profit that was made from those funds. I did not read far enough to understand if it would require me to adjust my 2014 filing or if I could then add that roth overcontribution's profit to my 2015 income. ps: I typically could give a flying fornication for these topics, but it's kind of fun to think this far ahead when this far ahead is looking so profitable - thankyou CTIX and team! Keep up the good work.
(0)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
Scroll down for more posts ▼