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Have a Roth IRA rate 1.50%. closing date 12/19..the penalty to close out now for better rate (3.00%) $63.00. Will I be charged at tax time??

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Have a Roth IRA rate 1.50%. closing date 12/19..the penalty to close out now for better rate (3.00%) $63.00. Will I be charged at tax time??

If it's a Roth IRA, contributions to your IRA don't get reported on your tax return.

Your broker (holder of the IRA) will most likely take your penalty out of your IRA earnings. To be absolutely sure, I would call them.

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