Bart Posted March 16, 2012 Report Share Posted March 16, 2012 Client's IRA has invested in a publicly traded partnership. The 1065 K-1 lists an amount on line 19A as a distribution. Client says that amount is set to automatically reinvest in the partnership. Is this a distribution from a retirement account subject to tax and penalty? Is the reinvestment a current year contribution to an IRA? Quote Link to comment Share on other sites More sharing options...
OldJack Posted March 16, 2012 Report Share Posted March 16, 2012 Probably Not as it all is within the IRA fund. Quote Link to comment Share on other sites More sharing options...
jasdlm Posted March 16, 2012 Report Share Posted March 16, 2012 Bart . . . I've been wondering where you were! Good to see you. Quote Link to comment Share on other sites More sharing options...
Bart Posted March 17, 2012 Author Report Share Posted March 17, 2012 I have been a little busy. Glad we were able to uphold our #2 seeding. Quote Link to comment Share on other sites More sharing options...
jasdlm Posted March 17, 2012 Report Share Posted March 17, 2012 Rock Chalk! My husband was in Omaha last night for the game. He is headed there again tomorrow night (while I do taxes, of course). Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.