Roth IRA Distribution
Hi,
I have a question about Roth IRA distribution. This year I withdraw my contribution from my Roth IRA account. I want to know if there is any IRS form that I need to report that withdraw on my tax return? I understand that the contribution withdraw is tax-free and penalty free. Thanks for your time and answering my question.
Khai
Permalink Submitted by Alan - IRA critic on Fri, 2021-12-10 00:44
DId you withdraw a set dollar amount, or did you request a return of your 2020 or 2021 regular contribution, in which case the custodian would also have to calculate any gains and send you a check for any gains as well? These transactions will produce different 1099 Forms and you would report them differently.