I recently maxed my Roth for the year. I would like to sell some stocks and move that money into my brokerage account. How does this affect my 2023 contribution limit?

I’d like to sell up to $1,000 in stocks and move that money to my brokerage account.

In doing that, does it mean I can now add $1,000 back into my Roth without taxes/penalties?

Or, since I already hit the limit, if I add $1,000 after withdrawing $1,000, is the IRS gonna be a dick about it?

This seems like an infinite, profit loophole for the poors, so it’s probably not allowed lol.

Submitted July 26, 2023 at 11:40PM by bigtoeguy2 https://ift.tt/Q8r29C3