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Dealing with an excess Roth IRA contribution that lost value before being withdrawn.
I had an excess contribution in 2021 which I have worked to get withdrawn. The account lost value between the deposit and withdrawl so the amount I got back was less than what I deposited.
When TurboTax asks me for the excess amount withdrawn, do I enter what I originally contributed or what was returned to me after the losses?
(I'm worried if I enter what I was actually returned it won't calculate that the entire excess contribution was undone.)
Thank you!
When TurboTax asks me for the excess amount withdrawn, do I enter what I originally contributed or what was returned to me after the losses?
(I'm worried if I enter what I was actually returned it won't calculate that the entire excess contribution was undone.)
Thank you!
Topics:
‎April 5, 2022
11:13 PM