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Old 03-24-2009, 10:19 AM #1
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ewizabeth ewizabeth is offline
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Join Date: Sep 2006
Location: northern Illinois
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ewizabeth ewizabeth is offline
Elder
ewizabeth's Avatar
 
Join Date: Sep 2006
Location: northern Illinois
Posts: 5,258
15 yr Member
Default Stupid IRS Rule on Roth IRA for married people

Ok, I recently learned that if you have a Roth IRA and file your taxes as "Married, Filing Separately" there's a penalty of $360.

We've filed this way since I've had a business for tax savings. 2008 was my first year with a Roth IRA. I think it's a crock. I had to reclassify my Roth as an investment account. This is a little known rule from what my accountant tells me.

I just wanted to vent about it.
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