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New Member
posted Jun 6, 2019 12:15:12 AM

Can I withdraw an IRA contribution I make on my 2018 tax return in 2019? I am 66 years old and already taking some distributions from my IRA.

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1 Best answer
Level 15
Jun 6, 2019 12:15:14 AM

If you are over 59 1/2 you can withdraw at any time without penalty. 

If a Traditional IRA  it would be taxable income.

You have until the due date of the tax return (Apr 15, 2019) or extended due date (Oct 15) if you file a timely extension to request a "return or contribution" from the IRA custodian, tax free, but any earnings attributed to the contribution is taxable.

1 Replies
Level 15
Jun 6, 2019 12:15:14 AM

If you are over 59 1/2 you can withdraw at any time without penalty. 

If a Traditional IRA  it would be taxable income.

You have until the due date of the tax return (Apr 15, 2019) or extended due date (Oct 15) if you file a timely extension to request a "return or contribution" from the IRA custodian, tax free, but any earnings attributed to the contribution is taxable.