In the question where it asks to input roth ira contributions prior to 2024, if i contributed $475 but withdrew $511 would the number i put in that box be negative $36?
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1 Best answer
dmertz
Level 15
Jan 19, 2025 8:01:27 AM
You cannot withdraw more contributions than you had in your Roth IRAs. You withdrew all of your your $475 of contributions, so enter $0 for your remaining contributions prior to 2024. The amount of contributions can never be negative.
2 Replies
fanfare
Level 15
Jan 17, 2025 9:08:05 PM
withdrawal of $511 is not a contribution.
dmertz
Level 15
Jan 19, 2025 8:01:27 AM
You cannot withdraw more contributions than you had in your Roth IRAs. You withdrew all of your your $475 of contributions, so enter $0 for your remaining contributions prior to 2024. The amount of contributions can never be negative.