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Traditional IRA contribution - change my mind
Hi,
Need some help. Last year, I opened a traditional IRA account and contributed $7K to it. The next week, I changed my mind and withdrew the money. I read that I can change my mind on the contribution and pull the money back out without penalty. I have received my IRA statement from fidelity and it was loaded into turbotax. The system is trying to charge me a penalty for early withdraw. The distribution code on the form is 1-Early distribution (Except Roth IRA). There is a long list of list of exceptions to choose from. Which one do I select in my situation?
thanks
March 27, 2021
7:02 PM