Solved
Turbo Tax is asking me to “enter prior year Roth IRA Contributions”. Can this number be negative if I have taken out more than I have contributed, or should it be $0?
Turbo Tax is asking me to “enter prior year Roth IRA Contributions”. Then explains to confirm my net regular contributions made and distributions taken prior to 2024. Can this number be negative if I have taken out more than I have contributed, or should it be $0?
As an example, let’s say I contributed $5,000 in 2020 and $5,000 in 2021; for a total of $10,000. Then in 2022 I take out $12,000 as a distribution (non-qualified)… would this number be $0 or -$2,000?
