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Retirement tax questions
Your withdrawal of your own contribution is not taxable but may be an early withdrawal.
Meanwhile you have not resolved the excess contribution which is still in your Roth IRA
did you have positive gains?
enter the distribution on Line 5a and the taxable gains on 5b Use Code 2.
You will probably hear from the IRS since you are not paying your tax.
Maybe they will accept your explanation and maybe they will not.
March 26, 2025
1:50 PM