Hi,
Just a question regarding withdrawing funds from a Roth IRA account. According to this website,w.w.w.obliviousinvestor.com/roth-ira-withdrawal-rules (sorry, by passing the link rule) I do not qualify for distribution. Since I do not qualify for distributions including other exceptions, will that mean I am subject to federal and state (CA) taxes?
If so, for example, how much would I owe if I made an annual salary of $30,000 with an Roth IRA amount of $1,000?
Just a question regarding withdrawing funds from a Roth IRA account. According to this website,w.w.w.obliviousinvestor.com/roth-ira-withdrawal-rules (sorry, by passing the link rule) I do not qualify for distribution. Since I do not qualify for distributions including other exceptions, will that mean I am subject to federal and state (CA) taxes?
If so, for example, how much would I owe if I made an annual salary of $30,000 with an Roth IRA amount of $1,000?