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Retirement tax questions
In fact, distributions from a Roth IRA of your prior contributions are not taxable, even if you are under 59 1/2 and/or the Roth account is less than 5 years old. You have to enter your prior years Roth IRA contributions in TurboTax.
After you have entered your form 1099-R, TurboTax will take you back to the summary page titled Your 1099-R Entries.
On that page, click Continue and follow the TurboTax until you arrive at the page titled Enter Prior Year Roth IRA Contributions where you can enter the amount of your past contributions.
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March 24, 2020
4:52 PM