Just found out that the money my wife and I made for 2022 pushed us over the income limit for Roth IRA contributions. Need help calculating the gain/loss for the contribution:
- Contributed $6000 for 2022 (1 contribution of $5000 on Feb 2022 and 1 contribution of $1000 on May 2022)
- Roth IRA account value on Feb 2022 before 1st contribution of $5000: $88000
- Roth IRA account value now in the present: $87000
What would be the gain/loss for the contribution?
