MinhT1
Expert Alumni

Retirement tax questions

Withdrawals of contributions from Roth-IRA accounts are tax and penalty free.

 

In TurboTax, you must enter the amount of your prior-year Roth IRA contributions.

 

After you have entered your form 1099-R, TurboTax will take you back to the summary page titled Your 1099-R Entries.

 

On that page, click Continue and follow the TurboTax interview until you arrive at the page titled Enter Prior Year Roth IRA Contributions where you can enter the amount of your past contributions.

 

 

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