Solved

I am moving from TX to CO, need to withdraw from IRA to buy a house in CO

Forum|Forum|4 years ago
July 28, 2021
1 reply
0 views

Is this a correct assumption?

"I would like to withdraw IRA while I am in TX in order to avoid additional State income Tax in CO. "

if so, how can I do it properly to avoid the unnecessary income Tax in CO??

Best answer by RossP88

Hi! You will want to take the draw prior to making the move and while you are still a TX resident. Since TX does not have an income tax you will avoid state tax entirely.

R

RossP88Answer

Hi! You will want to take the draw prior to making the move and while you are still a TX resident. Since TX does not have an income tax you will avoid state tax entirely.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"