- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
basis in Roth IRA contributions
I closed my Roth IRA (around $5K) last year b/c I needed the money. I am under 59 yo. and now doing my taxes, it seems I am getting taxed for all of this money.
Does basis in Roth IRA contributions mean how much money I took out that I had at one time deposited into the Roth IRA? So I'll only get taxed for what I made?
March 13, 2020
1:59 PM