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- Re: Roth IRA Contribution and Withdrawal in the Same Year
Roth IRA Contribution and Withdrawal in the Same Year
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jsoles24
Level 3
04-07-2024
08:12 PM
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My client contributed $6,000 to a Roth IRA in 2023 and withdrew the $6,000 in the same year. The client did not receive a 1099R for the withdrawal. Is the Roth IRA contribution considered not made since it was withdrawn in the same year?
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jsoles24
Level 3
04-08-2024
08:59 PM
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No. $6,000 contributed and $6,000 withdrawn. No earnings.
