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The Roth basis is the total amount you contributed to the Roth IRA that is still in the Roth IRA. You will have $2,000 direct contribution basis and $3,500 conversions basis. 

If you are under 59 1/2 the withdrawal of contributions and conversions are nontaxable. Money withdrawn from a Roth IRA comes from contributions and conversions in a distinct order: Distributions first come from contributions and then from separate yearly conversions in "first-in, first-out" order. See Pub 590-B for more details. Note, if you withdraw conversions before the 5 year period you will have to pay the 10% early withdrawal penalty (Pub 590-B).

You can enter the Roth basis either in the IRA contribution interview or after you entered a Form 1099-R for a Roth IRA distribution.

In the IRA contribution section:

1.  Click on "Search" on the top right and type “IRA contributions” 
2. Click on “Jump to IRA contributions"
3. On the "Roth IRA Contributions" screen answer "No"
4. On the "Did You Open a Roth IRA Before 2024?" answer "Yes"
5. On the "Let Us Track Your Roth IRA Basis" screen answer "Yes"
6. Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen ($2,000)
7. On the "Any Roth IRA Conversions?" screen answer "Yes" if you made conversions before 2024
8. TurboTax will walk you through the conversion questions.

After entering a Form 1099-R for a Roth IRA distribution:

1. Click on "Search" on the top and type “1099-R” 
2. Click on “Jump to 1099-R” and enter all your 1099-Rs
3. Click "Continue" on the "Review your 1099-R info" screen after you entered all you Form 1099-R
4. Answer "Owned Any Roth IRA for Five Years?" screen
5. Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen ($2,000)
6. On the "Any Roth IRA Conversions?" screen answer "Yes" if you made conversions before 2024
7. TurboTax will walk you through the conversion questions.