ROTH was opened in 2017. Total contributions made between 2017-2021 equals $5000. In 2024 I withdrew $10,395. What do I enter for ROTH IRA Contributions prior to 2024?

mosergail — Wed, 28 Jan 2026 06:04:47 GMT

Re: ROTH was opened in 2017. Total contributions made between 2017-2021 equals $5000. In 2024 I withdrew $10,395. What do I enter for ROTH IRA Contributions prior to 2024?

NCperson — Fri, 31 Jan 2025 11:12:18 GMT

$5000

TT is trying to determine if the part above $5000 (the earnings ) is taxable.

If you are over 59.5, then there is not going to be any tax in any event

if you are under 59.5, the portion over $5,000 is taxable and subject to a 10% penalty.

this assumes no Roth conversions occurred.