DanaB27
Expert Alumni

Retirement tax questions

You will enter $0 as net contributions because you withdrew the $4,000 contribution when you made the $5,000 withdrawal 5 years ago.

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top and type “1099-R”
  3. Click on “Jump to 1099-R” and enter all your 1099-Rs
  4. Click "Continue" on the "Review your 1099-R info" screen
  5. Answer all the questions and make sure you enter $0 for net contributions prior to 2021 on the "Enter Prior Year Roth IRA Contributions" screen
  6. Answer the remaining question.
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