Get your taxes done using TurboTax

For Roth IRAs, you can withdraw post-tax contributions from your Roth IRA without penalty.

A qualified distribution from a Roth IRA is tax-free and penalty-free, provided that the five-year aging requirement has been satisfied and one of the following conditions is met:

• Over age 59½
• Death or disability
• Qualified first-time home purchase

A non-qualified distribution is subject to taxation of earnings and a 10% additional tax unless an exception applies. 

When you are entering this information into TurboTax, your Form 1099-R, box 7 codes J, Q and T identifies a Roth IRA distribution and determines the tax treatment. If you have a J or a Q, the distribution is considered taxable unless there is an exception. TurboTax will guide you on all the exceptions.

Please refer to this IRS link for more information about Roth IRAs:  IRA Withdrawals

To enter your 1099- R in TurboTax Online :

1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
2. Next click on “Income & Expenses” ("Personal Income" in TurboTax Home & Business)
3. Next click on "jump to full list" or “I’ll choose what I work on”
4. Scroll down the screen until to come to the section “Retirement Plans and Social Security”
5. Choose "show more", then IRA, 401(k),Pension Plans (1099-R) and follow the onscreen instructions
6. After you enter your 1099R, (exactly as it is on the form you received)  you will get to the screen that says titled "Enter Prior Year Roth IRA contributions."  Be sure to enter your cumulative contributions for all prior years. 

Please note that all distributions will be reported on your tax return (whether or not they are taxable) on Form 1040 on line 4(a) and carried to 4(b) if taxable.

To preview your return, before you file:  

Sign into https://myturbotax.intuit.com/

• Under Tax Timeline, click on Continue your return
• Go to "My Account" > "Tools"
• Under the Tools Center, select "view tax summary"
• Select "Preview my 1040"