Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 4, 2024 4:12:25 PM

How to report a Qualified Distribution from ROTH IRA in Puerto Rico

I live in the US and received form 480.6D for a qualified distribution from a Puerto Rico ROTH IRA. Where do I enter this information on turbo tax?

0 1 232
1 Replies
Expert Alumni
Mar 12, 2024 10:27:59 AM

I believe what you mean is you took a qualified, or non-taxable, distribution from your ROTH IRA. If so, you would enter that as a substitute Form 1099-R in TurboTax. 

 

To enter a substitute form 1099-R in Turbo Tax follow these instructions:

 

  1. Find the Retirement Plans and Social Security menu option
  2. Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
  3. Choose Add Another 1099-R
  4. Choose I'll type it in myself
  5. On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R

Enter the distribution amount in box 1 of the Form 1099-R and enter code "Q" in box 7. Also, check the IRA/SEP/Simple box below the line 7 entry.