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Returning Member
posted Feb 14, 2020 8:33:53 PM

Roth Distributions

I took two distributions from my Roth account in 2019.  One of them I elected to pay the early withdrawl penalty of 10% as it was a non-qualified distribution.  The second distribution I elected not to pay the early withdrawl penalty because I used the money for a first time home purchase ($10,000).  

 

Line 2A on my 1099R shows no amount ($0)

Line 2b on my 1099R  shows "taxable amount not determined"

 

I've selected Code 2-Early Distribution (except Roth IRA)

 

Have I set all of this up correctly in Turbo Tax?

 

 

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