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Where do I note that my Roth IRA early withdrawal was a return of regular contributions? A penalty is included as it was less than 5 years and the 59 1/2 age not met.
(7) $250 contributions were made in 2024 and one $250 contribution in 2025 for a total of $2k. After fees, $1836.84 was withdrawn on 2/20/25. Since it is less than the regular contributions, my understanding is there is no penalty or additional tax due even if the funds weren't there for 5+ years and the age threshhold is not met but it keeps coming up I owe a penalty. How do I correct that?
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‎February 24, 2026
7:19 AM