Coleen3
Intuit Alumni

Retirement tax questions

Make sure you answer all the questions pertaining to the IRA and double check your date of birth at the beginning. The most important question will be in the screen shot below.

After entering the Form 1099-R, click the Continue button on the Your 1099-R Entries.  Answer Yes when asked if you opened a Roth IRA before 2013.  That's all you need to do for this income to be treated as nontaxable income. The gross distribution amount will appear on Form 1040 line 15a or Form 1040A line 11a but the entire amount will be excluded from line 15b or 11b. (See the attached screenshot below. Click to enlarge.)

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