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Level 2
posted Feb 14, 2024 12:38:17 PM

How do I calculate how much to withdraw from my 2023 Roth IRA contribution to avoid the 6% penalty and how does the 2023 MAGI bracket ($138,000 - $153,000) apply?

I can't see how the TurboTax guided questions get to this calculation.

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1 Replies
Expert Alumni
Feb 21, 2024 10:54:36 AM

I think this article will help answer your questions: Roth IRA Withdrawal Rules and Penalties