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Retirement tax questions
There would be no tax or penalty on an ordinary distribution from your Roth IRA because it would be a distribution of contribution basis reportable on Part III of Form 8606.
If Vanguard instead mistakenly processed a return of $1,900 of your 2024 Roth IRA contribution (which would not surprise me), any attributable gains accompanying the $1,900 would be taxable but not subject to penalty.
March 13, 2025
9:27 AM