In 2019 I rolled over my post tax contribution (minus gains) from 401K to a newly opened ROTH IRA account. Then I went ahead and withdrew a portion of that contribution amount from the ROTH IRA to bring down my mortgage balance before going for a refinance. My understanding is that you can always withdraw your contributions with no tax or penalty.
I have received Form 1099-R where box 7 has the distribution code J. After importing this form, TurboTax then shows that I have tax implications. I shouldn’t be paying any taxes or penalty if I am withdrawing only my contribution portion. In my case there hasn’t been any contribution to this new ROTH IRA for years prior to 2019.
Do I need to fill any additional form or anything I am missing to show that the amount withdrawn is only from contribution ?
