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Does Turbo Tax clearly explain how to file Roth IRA distributions?
I am having difficulty finding the area in TurboTax to enter the Form 1099R data from two post 59 1/2 Roth IRA distributions. My financial institution has cited the 1099R line 2a total amount of the distributions as taxable while notating on line 2b that Taxable Amount Not Determined. The Roth IRA was established 20 years ago, but moved to a different financial institution in 2017. My understanding is the 5 year rule does not restart by my move from the original Roth account to a different account. So I am confused about the 1099R designation of the funds on line 2a as taxable.
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‎June 4, 2019
12:58 PM