DanaB27
Expert Alumni

Retirement tax questions

Yes, the withdrawal of Roth contribution is not taxable on the federal return.

 

Please make sure you answer all the Roth follow-up questions after you enter your 1099-R.

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”
  4. Click "Continue" and enter the information from your 1099-R
  5. On the "Your 1099-R Entries" screen click "continue"
  6. Answer Roth follow-up questions

 

Roth distributions with code T and J are nonqualified distributions and are taxable in NJ. If you receive a nonqualified distribution from a Roth IRA, part of the withdrawal is taxable, and part is excludable. 

 

In you NJ state interview you will enter your previous Roth contribution on the "IRA Information" screen.

 

 

 

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