DanaB27
Expert Alumni

Retirement tax questions

If your Form 1099-R has code Q or code T then you can ignore the "Report your Roth IRA Contributions prior for 2023" question.

 

TurboTax uses the net Roth contributions prior to 2023 to calculate the taxable amount only if your distribution wasn't a Qualified Distributions. You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. 

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