- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099R Early distribution
Invested $1900 into Roth 401K. Took an early distribution for $2200. When entering by itself TurboTax calculates penalty correctly on the $300 gain.
I also did a backdoor roth that accrued $7 interest. When I enter the backdoor roth it eliminates my penalty tax on the early withdrawal calculation. I’m only taxed on the $7.
how do I correct?
Topics:
March 9, 2024
10:42 AM