dmertz
Level 15

Retirement tax questions

Your $1,900 Roth IRA distribution is not subject to tax or penalty.

 

1.  If the basis in your Roth IRA contributions was more than $1,900, you should not have had any tax or penalty on that amount in the first place.  Make sure that you have clicked the Continue button on the Your 1099-R Entries page and have entered your basis in Roth IRA contributions and conversions.

 

2.  It is correct that tax and penalty disappeared when you entered the code H Form 1099-R.  The amount (apparently more than $1,900) in box 5 of the code H Form 1099-R became contribution basis in your Roth IRAs.  This basis was applied against your code J distribution to make it nontaxable and therefore not subject to early-distribution penalty.

 

3.  Your traditional 401(k) to traditional IRA rollover has no bearing on #1 or #2 above.