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Retirement tax questions
This should be your contribution amount only. This is also called the basis and nondeductible contributions amounts.
Withdrawals on earnings from a Roth IRA don't count as income, but only if you make what the IRS deems as qualified distributions. If you follow IRS rules, earnings grow tax-free, and you don't pay taxes on withdrawals either. For more information, click here: Roth IRA distribution
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March 2, 2020
8:14 AM