You need to enter a substitute 2024 Form 1099-R in TurboTax to report the Roth IRA withdrawal:
- Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
- Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Choose Add (Another) 1099-R
- Choose I'll type it in myself
- Choose the source of your 1099-R form
- Enter your pension income into the Form 1099-R entry screens
- When you come to the screen that says Do any of these situations apply to you? Check the box that says I need to file a substitute 1099-R and follow the instructions
Since you are going to enter the code "P" in box 7, you will be asked if the form is for 2024 or 2025. When you answer 2025 TurboTax will treat the form as if it was the one you will receive in 2025, so the "P" code will make sense.
You don't need to enter the IRA contribution, since it will be withdrawn by the due date of the return.
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