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Level 2

Question

Roth IRA withdrawal

Forum|Forum|3 years ago
April 1, 2023
2 replies
21 views

Since 2017 I have invested $5000 in a Roth IRA prior to 2022. In 2022 I withdrew $5000. The turbo tax screen is asking me to "Confirm net regular contributions prior to 2022 that remain in the IRA" The follow up then asks for "Roth IRA Contributions prior to 2022". The wording here confuses me. Do I enter $5000 or $0?

Employee Tax Expert

Employee Tax Expert

You would enter the $5,000 as net contributions prior to 2022 (assuming you didn't make any other withdrawals between 2017 and 2021).

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Level 2

Thanks to DanaB27 for the prompt reply. I appreciate the help in clearing up my confusion.