Hi,
I've made 3 contributions of $450 to my Roth IRA that turned out later this year to all be excess contributions. I'm planning to withdraw those.
When calculating the Net Income Attributable, do I need to calculate it 3 times for each contribution separately? Or do I calculate it for the total of $1350 and use the first deposit date as the starting point for the calculation? Or the last deposit?
I appreciate any tips. I'm not finding any info on this anywhere.
Thanks,
Michal
I've made 3 contributions of $450 to my Roth IRA that turned out later this year to all be excess contributions. I'm planning to withdraw those.
When calculating the Net Income Attributable, do I need to calculate it 3 times for each contribution separately? Or do I calculate it for the total of $1350 and use the first deposit date as the starting point for the calculation? Or the last deposit?
I appreciate any tips. I'm not finding any info on this anywhere.
Thanks,
Michal