If you're requesting a partial withdrawal from your Roth Individual Retirement Account (IRA) or planning to close it entirely, you'll need to input the reason for the withdrawal, and your tax withholding preferences.
Roth IRA distributions are not subject to any mandatory federal or state withholding. Qualified distributions from a Roth IRA are not taxable at the time of distribution. It is important to consult your tax advisor to see how a distribution may affect your circumstances and whether taxes should be withheld.
**To have an IRA distribution reported for the 2025 tax year, it must be fully completed by December 31, 2025. This means your IRA must have settled cash available to withdraw on or before that date. Funds from unsettled trades or those subject to recent deposit holds cannot be used for a year-end distribution. Distributions submitted after December 26th will be completed on a best efforts basis.
Key dates:
December 25– Christmas Day, offices will be closed
December 26– IRA requests submitted after this date are completed on a best efforts basis
December 30– Last day to liquidate any securities with a T+1 settlement period to ensure funds
settle in time for a 2025 distribution
If a distribution is initiated but not completed until January 2, 2026 or later due to unsettled funds or deposit holds, it will be reported as a 2026 distribution, per IRS rules.
If you have more questions or need further assistance, feel free to reach out to us via chat, or email us at support@public.com.
This information is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. All investing involves risk. Visit the IRS website for more information.