Skip to content
Warren AI
Sign in
Income Tax Planning
Chapter 4: Gross Income from Personal and Investment Activities/ROTH IRAs
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 4: Gross Income from Personal and Investment Activities

ROTH IRAs

01.Core Concepts

• Contributions are not deductible. • Distribution is tax free if qualified: must meet 5-year rule and be made: • After age 59½, • After death or disability of the owner, or • For first-time home purchase (up to $10,000) • FIFO treatment applies • Basis distributions are always tax free and penalty free.