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@DaveF1006 

 

Thank you, so in summary for this specific example scenario I gave, there is nowhere that I enter the amount minus losses ($5550). The only number used is $6000 every time it asks for how much contributed or withdrawn?

 

So for: 

To begin reporting the contribution amount that was returned to you, go to Federal > Deductions and Credits > Traditional and Roth IRA Contributions. "Contribution withdrawn before due date of your return" i would enter 6000 or 5550?