mrohling
Returning Member

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