paul10
New Member

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  I should be able withdraw early all  Roth IRA contributions without paying tax and only pay tax on capital gains withdrawn early from a Roth IRA.