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Retirement tax questions
I withdraw 10K from my ROTH IRA from Fidelity last year after I passed 59 1/2 years old. My code in box 7 is "T". My Roth was set up more than 10 years ago so I met all the required for a tax free distribution. However, TURBO TAX kept calculated the tax on this 10K even after I carefully check all the boxes correctly. My question-DO I NEED TO WAIT TILL THE END OF THE PROGRAM TO SEE IF TURBO TAX RECOGNIZE THAT THIS IS A TAX FREE TRANSACTION OR DO I NEED TO DO SOMETHING ELSE AT THIS TIME TO CORRECT MY INPUT. Please help as this is my first time purchasing this software and I am frustrated in using it.
‎January 20, 2020
4:55 AM