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Retirement tax questions
The reason it is $4500 and not $6000 is because there was a market downturn and there was a $1500 loss on the money in the ROTH IRA
The distributions when I took the money out was thus $4500 and turbotax is still wondering when I will declare the $1500 loss. Should I still say I am declaring 0$ to my 2022 contributions? How can I report the loss?
I dont need to ammend anything for 2021 right? This loss was not reported as it was not incurred until I took out the distributions in 2022
‎February 23, 2023
6:19 AM