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Retirement tax questions
@catsci06 wrote:
& what is my basis of Roth IRA contributions? Do you mean if I can get back in, I should enter the total amount of money left in that account or the money left + the money I withdrew?
Box 2b being checked means that your broker does not know (or will not attest) to the amount of contributions. Only you know that.
When entering a 1099-R with code J, Turbotax will know it is a Roth IRA and will ask you to tell it the amount of your contributions (over your lifetime), the amount of conversions (if any) and the amount of previous withdrawals. You need to keep track of these things. If you did not, you have no way to prove to the IRS whether you are withdrawing contributions or earnings.
Go back to the screen for 1099-R income and click "review" or "revisit". You should see a list of 1099-Rs that you entered, and a button to add a new one. Click "delete" next to the 1099-R for this Roth IRA. Then click "add new" and re-add the 1099-R, paying attention to the questions about your previous contributions and withdrawals.