Search found 7 matches

by chimu
Sat Apr 13, 2019 12:03 am
Forum:
Topic: IRA early withdrawal taxable at 30% flat 10% penalty or at graduated rates
Replies: -1
Views: 0

IRA early withdrawal taxable at 30% flat 10% penalty or at graduated rates

Hello I was in USA for 6 years from 2004 to 2010, invested in Traditional IRA and 401K , during r2i rolled over 401k to IRA in Fidelity. Now in 2018 withdrew 6000 from IRA with 600 withholding ie 10% withholding. Got 1099-R from Fidelity for the same. I went to many threads here in r2iclub forum but ...
by chimu
Fri Apr 29, 2011 5:56 pm
Forum: TAT Admin Office
Topic: Is NRI-Account interest taxable in State return, filing as Part-Year Resident
Replies: -1
Views: 20

Is NRI-Account interest taxable in State return, filing as Part-Year Resident

I am single and lived in Virginia from 2006 to 2010 as a resident(alien). I moved out of VA on June 2010 to my home country i.e India and donot plan to go back USA. My stay in VA in 2010 was less than 183 days , ie it was around 160 days. but during those 160 days my permanent residence and work ...
by chimu
Thu Jun 17, 2010 6:27 pm
Forum:
Topic: R2I Checklist : To-Do before R2I - open for discussion
Replies: -1
Views: 0

R2I Checklist : To-Do before R2I - open for discussion

Hello, I see in the r2i checklist about filling the w8-ben form and IRS form 8822 before we leave. Can this be done from India ?? Is it mandatory to fill these forms and give India address or I can give address of relative in USA ?? will be r2ing in 2 days so dont have much time to research about ...
by chimu
Thu Jun 10, 2010 9:03 am
Forum:
Topic: R2I Checklist : What to carry ?
Replies: -1
Views: 0

R2I Checklist : What to carry ?

Does it makes sense to carry tennis racket to india. i already have one racket worth $100 and thinking of buying another one to carry. But if rackets comes at same cost in india then i wont take the hassles of packing it up in checkin luggage with possibility of damaging it.
by chimu
Thu Jun 10, 2010 8:05 am
Forum:
Topic: 401K, IRA - General Questions
Replies: -1
Views: 0

401K, IRA - General Questions

[QUOTE=Desi;295361]Except for the situation of segregating 401K money for transfer back to 401K, a rollover IRA is same as a traditional IRA. So everything is the same. If you have no intent of rolling back the money in another 401K (which is what it appears given that you are R2Iing), then having a ...
by chimu
Wed Jun 09, 2010 7:13 pm
Forum:
Topic: 401K, IRA - General Questions
Replies: -1
Views: 0

401K, IRA - General Questions

[QUOTE=bmukherji;295035]01. You may put the money from 401k to your existing Traditional IRA. 02. However, in case of re-employment you lose the right to put the old 401k money back into a new 401k. 03. There should not be any adverse tax consequence to you.[/QUOTE] When i do a phased withdrawal ...
by chimu
Tue Jun 08, 2010 6:56 pm
Forum:
Topic: 401K, IRA - General Questions
Replies: -1
Views: 0

401K, IRA - General Questions

I will r2i in 2 weeks. need to rollover my 401k from nationwide to fidelity. I already have a trad IRA at Fidelity. so do i need to make a seperate rollover IRA account or i can use my existing Trad IRA account. what is pros and cons of keeping 1 Trad account vs 1 Trad and 1 Rollover acc. Can ...

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