DanaB27
Expert Alumni

Deductions & credits

You can indicate in the follow-up questions that the funds were rolled over into another Roth IRA:

 

  1. Click on "Search" on the top right and type “1099-R” 
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R
  4. Answer questions until you get to “Did you roll over all of this $XXXX (Box 1) to another retirement account?”, and pick what applies.

Also, make sure to click continue after you added all Form 1099-R to answer more follow-up questions.

 

You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. Qualified Distributions will be tax-free. For Nonqualified distributions, the earnings will be taxable.

 

 

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