LinaJ2020
Expert Alumni

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post