Amy G.

asked • 01/21/14

interest rate

Your traditional IRA account has stock of GFH, which cost $2000 20 years ago when you were 50 years old.  You have been very fortunate, and the stock is now worth $23000.  You are in the 35 percent income tax bracket andpay 15 percent on long term capital gains.  a) what was the annual rate of growth in the value of the stocks?  b) what are the taxes owed if you withdraw the funds?

Justin O.

What about the 15% tax on long term capital gains? Does that need to be computed separately?
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01/21/14

Steve S.

All distributions from traditional IRAs are treated as ordinary income.
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01/21/14

3 Answers By Expert Tutors

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Steve S. answered • 01/21/14

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