- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
For the TurboTax entry in 2018, you want to enter your contribution (in Deductions & Credits) for the amount with the withdrawal. This will prevent the additional penalty for excess contribution and TurboTax will efile the return. In 2019, you will receive a 1099-R with the withdrawal and Box 2 taxable amount which will be entered on your 2019 tax return as income. This represents the earnings (if any) on the contribution before it was withdrawn.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 12, 2019
8:55 PM