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Retirement tax questions
@toastabreads thank you for mentioning the details. Did you withdraw from contributions before 5 years since you first contributed to that ROTH IRA account? If yes, did 8606 form help you in avoiding taxes and penalty on Roth IRA? I mean, did you get refund? I did withdraw thinking there will not be taxes or penalty if it is from contributions, not earnings. But TurboTax and other tools are taxing it. I even contacted some tax agencies and they were unable to help me.
March 24, 2022
9:27 AM