DanaB27
Expert Alumni

Retirement tax questions

Yes, that is correct. You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free

 

You will need to make sure that you enter your prior year's net contributions when TurboTax asks about them in the follow-up questions:

 

  1.  Click on "Search" on the top and type “1099-R” 
  2. Click on “Jump to 1099-R” and enter all your 1099-Rs
  3. Click "Continue" on the "Review your 1099-R info" screen
  4. Answer all the questions and make sure you enter the net contributions prior to 2022 on the "Enter Prior Year Roth IRA Contributions" screen
  5. Answer the remaining question.
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