talespinner
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But the amount on that page (Enter Prior Year Roth IRA Contributions) seems to be asking me for the net of my contributions AND distributions. Ihavewithdrawn mo...
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But I have withdrawn money from my Roth IRA...a lot. In fact, my withdrawals exceed my contributions, which means I've benefitted from the earnings as well. Usi...
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I only meant that there's no way of getting around paying the penalty for early distribution. It proves that it pays to leave that money alone until retirement ...
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Ahh, that explains why Turbo Tax asks how much I've contributed from the Roth IRA's inception, and how much I've taken out (early) up through the previous year....
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Thank you, that's a lot of info.🙂 To boil it down, am I still obligated to pay an early distribution penalty since I'm not 59 and 1/2 years old yet? Does that ...
Activity Feed for talespinner
- Posted Re: Early distributions on Roth IRA? on Investors & landlords. July 2, 2020 9:55 AM
- Posted Re: Confusion about "Enter Prior Year Roth IRA Contributions" on Investors & landlords. June 30, 2020 12:24 PM
- Posted Confusion about "Enter Prior Year Roth IRA Contributions" on Investors & landlords. June 30, 2020 10:34 AM
- Posted Re: Paying penalties on early distributions of already-taxed Roth IRA contributions on Investors & landlords. June 29, 2020 2:30 PM
- Posted Re: Paying penalties on early distributions of already-taxed Roth IRA contributions on Investors & landlords. June 29, 2020 12:36 PM
- Posted Early distributions on Roth IRA? on Investors & landlords. June 29, 2020 10:53 AM
- Posted Re: Paying penalties on early distributions of already-taxed Roth IRA contributions on Investors & landlords. June 29, 2020 10:42 AM
- Posted Paying penalties on early distributions of already-taxed Roth IRA contributions on Investors & landlords. May 27, 2020 9:53 AM
- Posted Well, this room is the only place where I conduct busines... on Deductions & credits. June 4, 2019 4:08 PM
- Posted This room--only used by me--is the only place where I con... on Deductions & credits. June 4, 2019 4:08 PM
- Posted Since there is a Business Expenses page where I can claim utilities and office expenses, can I still use it since I can't use the Home Office page (due to the mixed use)? on Deductions & credits. June 4, 2019 4:08 PM
- Posted Many thanks! I had a feeling it was not meant to be the... on Deductions & credits. June 4, 2019 2:31 PM
- Posted Why am I being asked in "Personal" about occupation expenses (mileage, repairs, home office) when I already covered those for self-employment in the "Business" portion? on Deductions & credits. June 4, 2019 2:31 PM
- Posted If I realize this year I *could* have claimed a Home Office last year, and I had business expenses (desk, chair, PC, lamp) from that year, can I claim them this year? on Deductions & credits. June 4, 2019 12:47 PM
- Posted For the "Roth IRA contributions/distributions prior to 2018" blank, since contributions to Roth IRAs are pre-taxed, why am I paying so much for early withdrawals from it? on Retirement tax questions. June 3, 2019 4:20 PM
- Posted If I was self-employed doing pay-by-hour admin tasks for a friend's LLC business and wasn't a W-2 or 1099 employee, does my work/pay count as Qualified Business Income? on Get your taxes done using TurboTax. June 3, 2019 11:28 AM
- Posted Excellent. I can indeed document dates and lengths of ca... on Deductions & credits. June 1, 2019 11:49 AM
- Posted Is cell phone use preferred for business expense, or land... on Deductions & credits. June 1, 2019 11:49 AM
- Posted If my phone landline, internet, and cable are bundled, how do I subtract the cable since I'm claiming the phone/internet as a business expense? on Deductions & credits. June 1, 2019 11:49 AM