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@tgeorgeblackwell wrote:
My roth ira has contributions of 11,000. I know that I can withdrawal those both tax and penalty free. Under the cares act I was allowed to take out up to 100,000 without penalty. I withdrew 6,000 in 2020. Because I took the money out under the cares act, am I able to still withdrawal 11,000 this year? Or does the 6,000 count against my contributions I'm allowed to withdrawal?
No. The CARES act only eliminated penalties. In your case there were no penalties to eliminate because you can always withdraw your own prior contributions tax and penalty free and you did not withdraw any earnings that would have a penalty. The $6,000 that you took out reduced your prior contributions for future distributions by that amount.
Thank you @macuser_22
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