FangxiaL
Expert Alumni

Get your taxes done using TurboTax

After you enter the 1099-R, on the screens that follow, you will have to enter if you owned the Roth IRA for five years and to enter prior-year Roth IRA contributions. After you enter the info, TurboTax will figure out the correct taxable income and penalty. See screenshots below:

 

 

 

 

 

 

@LCoop

 

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