Hello.
I haven't worked in 3 years. I am not 59 1/2 ( I will be in March, 2025) In January 2024, I needed to take out $12,000 from a Roth IRA. I have not made any contributions in at least 5 or more years. The only additions were whatever the IRA earned.
I see my 1099R online. and see the $12,000 distribution. When I imported the form in TurboTax, I am not seeing anything about the taxes I may need to pay or the 10% penalty. I have read about a rule stating if I made no contributions, which I haven't, I may not need to pay taxes, just penalty. This is not an employer contributed IRA. It is an IRA my stepdad left for me.
I appreciate the help/ Thank you.
