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Retirement tax questions
Thank you. @dmertz
On my taxes for the schedule 1 form there is already a $0 on line 19 as my income was already completely deducted. I will submit form 8606 with a $0 to show there was no nondeductable IRA contribution for 2019.
I will also contact Etrade regarding calculating the necessary withdraw of contribution adjusted for the loss. Since I did not make any earnings I will not be subject to any taxes or penalties from withdrawing the funds from my Roth IRA early correct?
March 25, 2020
6:14 AM