Say I withdrew less than I contributed to my IRA — IRA withdraw less than contributions made — Are my withdrawals exempt from taxes?
Regarding the circumstance of IRA withdraw less than contributions, you might have distributions from a Roth IRA that are a return of regular contributions. These aren’t subject to tax or penalty no matter when they’re withdrawn. Only distributions allocable to earnings might be subject to tax and the 10% additional tax.
Are stock dividends taxable? Learn more about stock dividends and get tax answers at H&R Block.
Have you found yourself wondering how the IRS classifies Bitcoin? Our tax pros discuss relevant IRS Bitcoin law and notices. Learn more with H&R Block.
Learn how to report your rental property value drop with help from the tax experts at H&R Block.
Learn more about farm income and how It affects your taxes from the tax experts at H&R Block.