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How Do You Report Withdrawals from Roth Contribution Basis?
WebDec 7, 2024 · If you withdraw money from your IRA before age 59½, you will incur a 10% penalty plus ordinary income tax on the amount attributable to previously deductible … WebReport the taxable amount of your Roth IRA distribution as the "Taxable amount." If you're using Form 1040, it goes on line 15b; if using Form 1040A, it goes on line 11b. Figure the … dr lada osipova west islip ny
IRA Withdrawal Rules Withdrawal From IRA Charles Schwab / I …
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