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Why does Turbotax only ask about Roth contributions *prior to* 2017 when I enter a 1099R for 2017 early distribution and not include prior 2017 contributions?
I made $5500 contributions in 2016 and 2017 for a total of $11,000. I took an early distribution of 11,000 in 2017, and Turbotax shows I owe tax on $5500 because it only asks about Roth contributions made *prior to* 2017 which excludes contributions made during 2017. That is not right. I should be able withdraw early
all
Roth IRA contributions without paying tax and only pay tax on capital gains withdrawn early from a Roth IRA.
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‎June 4, 2019
1:28 PM