@AnnetteB6
It does have 8J, but that does charge me the 10% penalty. The only option I’ve found not to get the 10% penalty is entering 8T (Roth distribution with exception). But I don’t meet any of the exceptions for early Roth distribution, so I guess that’s why it’s 8J. If the law has been changed for Roth removals, TT hasn’t caught up to that.
But my main question was what to do about the follow-up question after entering my 1099-R. I only have those 3 options to choose from, and none are pertinent to a Roth withdrawal. If I choose qualified account, it gives me the list of exceptions to the penalty pertinent to qualified plans, one being a corrective distribution prior to the tax deadline (exception #21), and putting the full amount of my distribution there does remove the penalty also. But a Roth is not a qualified plan, so I don’t feel that’s the right way to go about it.
Any advice on what to do here??
