misccommo
New Member

Can I take money out of my ROTH IRA and then contribute that money in the same year without paying a penalty?

I thought I would be above the ROTH IRA limit.  I withdrew the contributions I had made thus far.  As it turns out, I was able to make a full contribution.  Do I need to do anything on my taxes?  My brokerage company gave me a 1099 with a J code.