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Get your taxes done using TurboTax
You should get a 1099-R from your financial institution and enter it into TT as a 1099-R.
However,
- The 1099-R forms are not even available in TT, yet. Not until the IRS finalizes them.
- Financial institutions have until 01/31/2021 to get that information to you.
Also, you should get a Form 5498 showing the contribution to the Roth IRA. They are two different sections of TT, but if you follow the prompts it will walk you thru each part.
I personally would not attempt to file my taxes until I receive these from the financial institution.
‎November 25, 2020
5:36 PM