Retirement tax questions

To confirm, you didn't request the withdrawal of excess contributions plus earnings but instead took all money out and closed the account. If it was a regular distribution then your Form 1099-R probably has code J or T?

For your information, you can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. But the earnings will be taxable since the Roth IRA was open less than 5 years and therefore you didn't receive Qualified Distributions.

Since you didn't request the withdrawal of excess contributions plus earnings you will have to enter the Roth IRA contribution:

1. Click on "Search" on the top right and type “IRA contributions”
2. Click on “Jump to IRA contributions"
3. Select “Roth IRA”
4. Continue until the penalty screen and do not enter the excess contribution as withdrawn.

Entering the amount as not withdrawn will show TurboTax that you had contributions in the Roth IRA and TurboTax will only tax the earnings. Since the account was closed and you have a $0 balance, you won't get the 6% penalty calculated.

You follow the steps below to enter Form 1099-R:

1. Login to your TurboTax Account 
2. Click on "Search" on the top and type “1099-R” 
3. Click on “Jump to 1099-R” and enter all your 1099-Rs
4. Click "Continue" on the "Review your 1099-R info" screen after you entered all you Form 1099-R
5. Answer "Owned Any Roth IRA for Five Years?" screen
6. Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen
7. Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount of earnings under "Another reason" since you are over 59 1/2

@rlmiddleton