You state:
Also, for someone under age 59-1/2, the question may be used to determine the returned contribution is not taxable. (Even though Turbotax should already know this from your age, the program has a very rigid internal structure and the questions it asks do not always take the full context into account.)
That is exactly why I am asking, as neither my spouse or I yet 59-1/2. By putting our gains/earnings in the corrective distribution box, I notice TT removed our gains from the 10% penalty. Now, both of us have had Roth's for more than 5 years so just want to be sure, but I thought you are always taxed/penalized on earnings if < 59-1/2. Therefore, is the right thing to do, putting our gains/earning in the corrective distro box or leaving that blank? I would think we need to pay the 10% penalty tax on our gains, therefore NOT enter the earnings in the corrective distro box?
Thanks again.
