#taxed

Taxed twice on Roth contributions

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Taxed twice on Roth contributions I recently withdrew $3700 from my roth IRA- all contribution money, no earnings, so should not have been subject to tax. My tax withdrawal settings were automatically set at 15% (10% federal, 5% state) and I forgot to manually enter 0% when I went to make the withdrawal. $555 ended up being withheld, so my contributions were essentially taxed tw…

Reddit Personal Finance 386 2024-07-23

What do I get taxed on?

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What do I get taxed on? I started selling shirts with my design on Etsy through Printful. Last month, I paid Printful $2500 for the shirts to be made and shipped and Etsy sent me $3000, so I made a profit of $500 (~17% profit) Do I pay taxes on the $500 of profit or does the total $3,000 count as the taxable income? submitted by /u/warf3re

Reddit Personal Finance 573 2023-12-10

TDFs in a taxed account

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TDFs in a taxed account Hi all, I am a relatively new investor, so I don’t understand all the nuance to this and need some help. I will list everything below as I currently understand it, but I know I am not knowledgable on this topic, so please correct me if anything seems wrong or is missing vital information. I have 200,000k in 6 assorted target date funds in a taxe…

Reddit Personal Finance 1.1k 2023-10-14