DanaB27
Expert Alumni

Retirement tax questions

When you enter the 1099-R for a Roth IRA distribution, TurboTax will ask follow-up questions, one of then about your net contributions (all contribution minus prior distributions). If you only took out the contribution, TurboTax will correctly make the withdrawal not taxable and you will not pay the early withdrawal penalty. 

 

@bhuether

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"