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Retirement tax questions
If you entered everything in your 1099, then continue through until you get to the questions asking if you owned it for 5 or more years, answer and keep going until you get to the question "Enter Prior Year Roth IRA Contributions".
If you had contributions of more than $12,900, TurboTax will remove all the taxes on the Roth. If your contributions prior to 2023 were less than the $12,900 you withdrew, it will have you pay taxes on the excess as it is looking at it as distribution of earnings not just your contributions. Continue through to the end of that section.
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‎January 11, 2024
5:32 PM