I looked way back when I started this roth in 2006 and it was 2,000.00 that i put in. I did not put anything else in this roth for my spouse. So Do i put this amount in : What were your Roth IRA contributions prior to 2025..would it be 2000. or do i include the fmv for 2025? Thanks.
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You should enter $2,000, as long as you did not make any withdrawals. The fmv should not be entered here. The $2,000 is your current cost basis, which allows you to take future distributions up to that amount without paying additional taxes or penalties, even if you are below 59.5 years old.
Hi I did not make any withdrawls and age 77 now. But what if I did withdrawl. It is asking what the contributions were prior to 2025. I started getting rmd/distribution 2 years ago. So I am confused. thanks
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