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Borrowing From Your IRA
It can be a source for an interest-free short-term loan -- or a bad idea if you do it wrong.
 
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Posted 7:10 PM EST February 19, 2009
Posted by: rileyriley
Seeking suggestion for the following: How does taking a distribution (non qualified) from a Roth IRA affect ones State tax return.

When preparing my taxes (via Pro Series Software) the State portion is asking for the basis in the distribution.
Posted 1:11 PM EST September 18, 2008
Posted by: miltkim
This is not SmartMoney management tactics. Someone going to get themselves in a bind trying to make this work. It reminds of the foolish tactic people are using when they use credit card promos and teaser rates to leverage new stock investments. They assume no risk and that everything will work as planned. Let an IRA be an IRA.
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