<prompt> Human: Here is my story: I created a new IRA. I linked my existing bank account, but selected checking when I meant to select savings. I made my initial purchase in my IRA using the newly linked account. The transaction went through, but the transfer was rejected. I then had assets in my IRA, and was on the hook to pay off the original purchase amount. I did not re-link my bank account and make a new transfer to cover the transaction within 4 days; therefore the transaction was automatically undone, and my account is now restricted for 90 days, as required by Regulation T.My questions are:1. Given that the transaction was reversed, did that original transaction count towards my 5500 annual contribution limit?2. Since the transaction was reversed, does that mean that I have made an early withdrawal from my IRA, and I will have to pay a large tax penalty on that withdrawal as if I simply pocketed the money?Thanks in advance!  <response>: Your IRA custodian can answer these questions, but my guess is:1. No, because no cash was transferred into the IRA.2. No, the purchase was reversed inside of the IRA; no cash was transferred out of the IRA. 