What is the name of your state (only U.S. law)? CA
I'm currently receiving UI after being fired from my job last fall. I've been searching for a new job and still haven't been able to find one. My savings are supplementing my UI for groceries, gasoline, etc. and soon that will be running out. I may have to dip slightly into my IRA to make ends meet. My question is: if so have to withdraw from my IRA rollover account, does it have to be reported as income, or is it like withdrawing from a savings account, which is not considered income?
Thank you
I'm currently receiving UI after being fired from my job last fall. I've been searching for a new job and still haven't been able to find one. My savings are supplementing my UI for groceries, gasoline, etc. and soon that will be running out. I may have to dip slightly into my IRA to make ends meet. My question is: if so have to withdraw from my IRA rollover account, does it have to be reported as income, or is it like withdrawing from a savings account, which is not considered income?
Thank you