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Personal Finance (Not Investing) • Undo a Roth contribution - not enough earned income...

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Sounds like it will be easier to complete the removal and report the gains before filing (which thankfully I haven't done yet), so I'll try for that.

But I'm still unsure how to calculate my "earnings". Do I just subtract the current value of the account from the value of the account on the day I made the contribution? That seems kinda inaccurate though, considering there are other funds/etfs in the Roth that have contributed to todays current value.

I'll call my brokerage tomorrow, but I have a feeling they are just gonna tell me "Sorry sir, we can't give any tax advice".

Statistics: Posted by boggleheadun — Sun Mar 31, 2024 11:11 pm — Replies 4 — Views 306



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