withdrawal of contributions from a Roth - Tax Forms

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Subject Author Date withdrawal of contributions from a Roth - Tax Forms ATHiker95 01-09-2008
Posted by ATHiker95 on January 9, 2008, 10:03 pm Please log in for more thread options Earlier in the year, I withdrew 10K from one of my Roth IRA's that I've had established for some 10 years or so. Even though I am under 59 1/2, my understanding is that contributions made to a Roth IRA are eligible to be removed tax free and without penalties at any time.(it is only the earnings that are taxable). If this is true and I believe it to be, what tax form am I going to need to explain this to the gov and is it important that my financial institution characterizes this in a certain way, so that the govt doesn't think I'm doing something improper? Thanks! Mark -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Roth IRA withdrawal - tax confusion March 3, 2010, 12:38 pm Need help with excess Roth IRA contributions ... February 25, 2007, 5:00 am Excess Roth IRA contributions May 25, 2007, 10:50 pm Roth contributions & withdrawls October 11, 2007, 12:41 am Excess ROTH IRA contributions December 6, 2007, 4:34 pm What forms will be required for declaring income from IRA Conversion to Roth IRA December 20, 2009, 1:31 pm How do I notify the IRS that I previously made contributions to after tax IRAs and ROTH accounts? July 9, 2008, 9:10 pm 529 Withdrawal December 30, 2007, 2:40 pm 401k Withdrawal August 17, 2007, 12:02 am Pension withdrawal January 29, 2008, 7:58 am