If you are 60, then you don't need to pay taxes on any Roth IRA withdrawals.Taxes: If I took money out of my Roth IRA ( am 60 ), to buy house,do I have to declare that? Is it taxable?
Read about Trad IRA and Roth IRA http://taxipay.blogspot.com/2008/05/trad鈥?/a>Taxes: If I took money out of my Roth IRA ( am 60 ), to buy house,do I have to declare that? Is it taxable?
See Form 1040 instructions for lines 15a/15b. It looks like you do not need to report anything unless Form 8606 applies.
I don't think so.
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