Retirement tax questions
Yes, you will enter your basis (from 2021 and prior years' Roth contributions) on the screen when TurboTax asks the question about the amount I contributed prior to 2022.
No, you can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. The 10% penalty only applies if you withdraw earnings early (under 59 1/2).
If you take a nonqualified Roth IRA distribution then it will be entered on Form 8606 (Part III) line 19. Your Roth basis is entered on line 22. If you show a taxable amount on line 25c then this will carry over to Form 5329 line 1 for early distribution. Since you are over 59 1/2 the distribution will be entered on line 2 for the exception of the 10% early penalty. Please see Form 5329 line 2 for details.
