I put in $7000 4/10/2022 in my IRA for 2021 tax year. My wife put in $7000 in her Roth in October 2021 for 2021. We filed an extension due to the sale of real estate; the sale put us over the eligible income level for contributions. We have recently withdrawn what remains of the contributions, we both lost money per the calculations of our Brokerage company. We would expect to get a 1099R for our distributions next year.
I am using Tubo Tax Home and Business 2021, and after following the instructions it shows we still have made contribution of $3733 (the amount of the loss). Is this correct?
