Bart Posted March 16, 2012 Report 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
OldJack Posted March 16, 2012 Report Posted March 16, 2012 Probably Not as it all is within the IRA fund. Quote
jasdlm Posted March 16, 2012 Report Posted March 16, 2012 Bart . . . I've been wondering where you were! Good to see you. Quote
Bart Posted March 17, 2012 Author Report Posted March 17, 2012 I have been a little busy. Glad we were able to uphold our #2 seeding. Quote
jasdlm Posted March 17, 2012 Report 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
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