DavidD66
Expert Alumni

Get your taxes done using TurboTax

Turbo Tax is asking for your prior year Roth IRA contributions in order to track your basis in your Roth IRA.  Withdrawals from a Roth IRA are always basis/contribution first.  Entering the prior year contributions will allow the program to show that your 2023 withdrawal is a return of basis, not a taxable withdrawal.  You should enter $18,000 for prior year contributions since your $3,000 withdrawal is for the current tax year - 2023.   You do not need to file an amended return if you report your prior year contributions.   Other than helping the program determine that your withdrawal is a return of basis, it will have no impact on your tax return.

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