@tomar-gautam2 wrote:
Thanks for replying. I took securities out and put back securities (worth $200 more) in same roth account. So, I'm assuming extra $200 will be counted as a contribution. I don't think I need to pay any penalty or taxes in this situation on this indirect rollover and contribution? wanted to make sure. (other than this my situation is simple. I have a w-2 and some 1099 for investment account).
There are no penalties or taxes if you completed the rollover within 60 days. The $200 contribution is not subject to any issues as long as you are eligible to make the contribution (which depends on your income, filing status and whether you made other contributions in the same year).
