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Retirement tax questions
Okay I did what you said, but that is not an intuitive procesa. I entered my 1099R for my early Roth distribution of $11,000. Then when asked, I entered $5,500 for contributions prior to 2017, and Turbotax showed my tax refund went way down. Then I went to 2017 IRA contributions, chose Roth, and entered $5,500, and then my tax refund went back up to what it was before I entered the 1099R showing a complete wash as expected. This is an extremely confusing process when I could have been asked to enter all Roth contributions prior to 2018 after entering the 1099R. I typically do not enter Roth contributions into Turbotax because I do not get a form, and they are not tax deductible. This should have all been handled within the section where I entered the 1099R.
‎June 4, 2019
1:28 PM