Retirement tax questions

In addition to dmertz comments, if you've had your Roth IRA for less than five years: Your earnings will be subject to taxes at your normal tax rate, but you will not be subject to the 10% penalty. If you've had your Roth IRA for more than five years: You can withdraw your Roth IRA earnings with no taxes or penalties. Please enter the information exactly as shown on Form 1099R.  Since the distribution is from a Roth IRA the distribution code should be " B"

Please follow these instructions to enter your Form 1099-R :

1. Login to your TurboTax Account 
2. Click "Federal" from the left side of your screen
3. Click "Wages & Income" on the top
4. Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)" 
5. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
6. Click "I'll Type it Myself"
7. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
8. Click "Continue" and enter your 1099-R
9. Continue through the questions 

Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 4b (taxable amount).

To preview Form 1040:

1. Click on "Tax Tools" in the left menu
2. Click "Tools"
3. Click "View Tax Summary" in the Tool Center window
4. Click on "Preview my 1040" on the left

Please see the link below for additional information:

Roth Withdrawals

@LAP5771