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Retirement tax questions
Well, maybe yes.
If you made a Roth IRA withdrawal in 2024, AND you are under age 59-1/2, then Turbotax needs to know the details of your Roth IRA account to determine if the withdrawal is taxable. Withdrawal of Roth contributions is always tax-free, but withdrawal of conversions or earnings may be subject to income tax and/or a penalty if you are under age 59-1/2. If you made a Roth withdrawal this year, Turbotax will ask about your total of prior contributions and your total of prior withdrawals, so it can calculate if this year's withdrawal is taxable. You are not being asked about a 2020 withdrawal so it can be taxed again, you are being asked about all your withdrawals and all your contributions to determine if this year's withdrawal is taxable or not.