DanaB27
Employee Tax Expert

Get your taxes done using TurboTax

Please be aware, if you took a Qualified Distribution then you won't have any taxable income. 

 

A Qualified Distribution is any payment or distribution from your Roth IRA that meets the following requirements.

  1. It is made after the 5-year period beginning with the first tax year for which a contribution was made to a Roth IRA set up for your benefit.

  2. The payment or distribution is:

    1. Made on or after the date you reach age 59½,

    2. Made because you are disabled,

    3. Made to a beneficiary or to your estate after your death, or

    4. One that meets the requirements listed under First Home (up to a $10,000 lifetime limit).

You can verify how much is taxable by looking on line 4b.

 

 

To preview Form 1040 in TurboTax Online:

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
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