No. of Recommendations: 0

I also saw an option to withdraw the contributions before the date I file to avoid the penalty. However, since it was all equity contributions, I would still take a loss. Again, doesn't seem like a good idea.

Pixy -

Finally, we get to the nub of the matter. No job income to be claimed on your income tax return, then no IRA contribution. Period. End of discussion. :-)

Depending on your Roth provider, it MAY (?) be possible to have the account transferred/changed, in kind, to a taxable brokerage account with the provider, and thus avoid penalty and cap. loss. You would have to explain this with a notation on your 1040, and maybe there's another form as well....Pixy to the rescue again?? I now have a splitting headache. <g>

Cheers anyway!
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