- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Yes, you can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free.
Please click continue after you entered all your 1099-R and are on the "Review your 1099-R info" screen. TurboTax will ask more questions about the distribution.
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-R”
- Click on “Jump to 1099-R” and enter all your 1099-Rs
- Click "Continue" on the "Review your 1099-R info" screen
- Answer all the questions and make sure you enter the net contributions prior to 2020 on the "Enter Prior Year Roth IRA Contributions" screen
- Answer the remaining question.
You can verify your entry by looking at Form 1040 line 4:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 10, 2021
5:24 AM