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ROTH IRA Contributions taxed
Hello,
I started a ROTH IRA in Nov 2024, slowly contributed a little bit at a time during the year, I had put in 550 during 2024, and another 200 in 2025. Then later in 2025 I withdrew all of it for 676.05. Why am I paying taxes on this? I lost money as I was only pulling out what was left of my contributions.
Thank you.
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2 weeks ago