- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You need to continue the interview after the 1099-R summary screen and enter your prior years Roth contributions that were not previously withdrawn.
Withdrawing your own contributions are not taxable at all so don't include them for the exclusion. Then enter up to $10,000 in the exception screen.
For example: if your total distribution was $15,000 and your own prior contribution were $9,000 then you would apply $6,000 as the first time home buyers.
The first question does not seem to do anything but enter it this way:
(Assuming you owned any Roth for 5 years.)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 1, 2021
9:57 AM