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Get your taxes done using TurboTax
A ROTH IRA/401k has a basis of money that has already been taxed. Opus 17 is correct.
Your form shows code 2, which means it was an early distribution - you are under 59 1/2 and an exception applies so there is no penalty. You have taxable income, no penalty. The program is trying to determine how much taxable income you have.
For complete details on the codes, see here.
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‎February 13, 2023
5:07 PM