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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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?

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.

View solution in original post

2 Replies

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?

withdrawal of $511 is not a contribution.

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?

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

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?

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?

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?

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?

Get more help

Do you have a TurboTax Online account?

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?

Do you have an Intuit account?

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?

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?

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?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert