So I just set up a Roth IRA account through Betterment this year (2250 in contributions so far), and a recent pay raise is going to put me over the individual income limit.
I know you can withdraw contributions tax-free/penalty-free and right now because of the market, my account balance is lower than my contribution rate (balance is 2,100) so no earnings.
So confirming - if I close my account now I won't owe any taxes, correct? Will I still need to submit an 8606 form to the IRS?
