Early Withdrawal

Archive for February, 2007

Question: I withdrew money from my IRA to pay a settlement, can I deduct the settlement on my taxes?

It was a fire supression settlement to put out a fire on a piece of property I own.

Answer: You have two questions. Early Withdrawal Of Ira funds. Get a pamplet on that. Go online.

What kind of settlement ?

Is converting to a Roth IRA right for you? – Vanguard