Roth IRA and Earnings?
I know that the Roth IRA is funded with after tax dollars so you are suppose to be able to withdraw your contributions and earnings tax free correct?
Just so I can better understand let me use this example...
I contribute $2,000 into my self directed Roth IRA and I buy $2,000 dollars worth of Walmart stock selling at $50.00 per share giving me 40 shares.
6 months go by and I sell all 40 shares at $55.00 per share = $2,200
So I made $200. dollars and I can now withdraw that from my Roth and not pay any tax at all ( income tax, capital gains tax, etc... )???
Thank you
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