@dmkale wrote:
I appreciate your response. However, what if I am over 59 1/2 and this is a distribution of an older Roth IRA where I already paid the taxes. I received the 1099-r for the dispersal and it still adds to the federal taxes I owe.
Do not go by the income summary page as that shows all income received, taxable or not.
Look at your federal tax return Form 1040 Line 4b for an IRA taxable distribution. If there is not an entry on Line 4b then your Roth IRA distribution is not included on your tax return as taxable income.
Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
