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Level 1
posted Feb 20, 2025 11:27:44 AM

Early withdraw Roth IRA

I took an early withdraw on my Webull Roth IRA. I understand that the penalty is only for profits which were 8$. Will Webull send me an form for this.

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1 Replies
Expert Alumni
Feb 20, 2025 2:07:49 PM

You should receive form 1099-R from Webull.  If you took the funds out in 2024, you should have received it by now and may want to reach out if you've not.  If you took that distribution this year (2025) you'll get a form in 2026 to report the income on your 2025 tax return.