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IRA Withdrawal Rules

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Backdoor Roth IRA conversion

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Conversion tax implications

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Roth IRA early non-qualified distribution

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Earnings subject to taxes and penalties

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Under age 59½ withdrawal

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Early withdrawal penalty

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Age 59½ to 70½

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Regular income taxation

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Excess IRA contribution

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Tax consequences for over-contribution

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Non-deductible IRA contribution

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Basis in IRA

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Inherited IRA from a non-spouse

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Distribution rules and taxation

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Age 70½ or older

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Required minimum distributions (RMDs)

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Roth IRA qualified distribution

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Tax-free withdrawal

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SEP IRA contributions by employer

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Tax deduction for the employer

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