ColeenD3
Expert Alumni

Get your taxes done using TurboTax

I just went through the program and tried to duplicate your entries and I did not get taxed on any of the income. Two things to check are that:

 

1) You entered your Roth IRA contribution correctly. I made sure I entered it before I answered any IRA questions in the 1099-R fields, just to be on the safe side.

2) You must have owned the IRA for 5 years.