DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Your Roth IRA withdrawals may be taxable if: you've not met the 5-year rule for opening the Roth and you are under age 59 1/2:

You will pay income taxes and a 10% penalty tax on earnings that you withdraw. The 10% penalty may be waived if you meet one of the eight exceptions to the early withdrawal penalty tax.

 

Have you entered an exception for the 10% penalty?  Also check to see if you accidentally may have indicated that this is a traditional and not a Roth IRA.  

 

If this doesn't work, you may wish to contact a specialist that can work through that section of the return with you. The specialists can look at your return on their screen to find out exactly what is causing this issue and take corrective action if needed.

 

 

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