When doing my 2019 taxes, in 2020, at age 59.5, I opened and funded a ROTH IRA. $7000 for 2019 and $7000 for 2020.
In late 2020 my employer offered a volunteer retirement package for those 60+ and I took it. The package put my income over the ROTH threshold, so I had to pull the $7000 out of my ROTH for 2020, which was done in February 2021. The $7000 was never invested, interest accrued would have been $3.70 - but I did not include it when withdrawing the $7000.
I used Vangard's online process to move $7000 from the ROTH to my brokerage account. I contacted Vanguard and was told since I used the online process, they cannot go back to make any changes.
My 1099-R shows $7000 with a distribution code of T, taxable amount not determined. TurboTax is showing the $7000 as taxable income. I have searched Turbotax help, I have read and read, but I'm still unsure of what to do.
Thanks for any advice!
