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Get your taxes done using TurboTax
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 The only number used is $6000 every time it asks for how much contributed or withdrawn?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 "Contribution withdrawn before due date of your return" i would enter 6000 or 5550?
March 29, 2023
7:30 AM