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Cashing out an IRA that was started with profits from home sale.

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adjusterjack

adjusterjack

Senior Member
IRA/CD/TAX said:
The amount I put in the IRA still wouldn't have brought up my deductions above the standard deduction amount. It was a Roth IRA that I rolled into a 60 month CD. I am in my late 30's. Thank you all for the replies.
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Another issue you might face is that the Roth contribution limit for 2018 was $5500. If you put in more than that there is a penalty for the excess contribution.
 


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