dmertz
Level 15

Retirement tax questions

Be sure to click the Continue button on the page that lists the Forms 1099-R that you have entered and enter or confirm your basis in Roth IRA contributions for years prior to 2022, including the excess contribution.  TurobTax will then calculate on Form 8606 Prat III that the distribution is nontaxable and therefore not subject to an early-distribution penalty.