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Retirement tax questions
Click the Continue button on the page that lists the Forms 1099-R that you have entered. TurboTax will then prompt you to enter your basis in Roth IRA contributions which will reduce the taxable amount of the distribution to zero if your distribution was less than the contribution basis in your Roth IRAs. The taxable amount is calculated on Form 8606 Part III.
‎January 10, 2024
5:00 PM