lowerhay
New Member

TurboTax says I owe taxes on funds I received from a Roth IRA but the funds I received were from my regular contributions & should not be taxed. How do I work around it?

On my 1099-R from Edward Jones box 7 is a "J" and according to IRS Roth distribution rules there should be no taxes or penalties on funds taken out of my regular contributions even though I am not yet 59-1/2 years old. I don't see where TurboTax lets me specify that this money was from my regular contributions.