1099-R ROTH IRA - trying to enter the 1099R info of the Roth Ira withdraws taken in 2024 the total amounts is taxed, the last money put in was over 18 years, i dn't see any thing to indicate its a Roth ira

[JOE-P]

1099-R ROTH IRA - trying to enter the 1099R info of the Roth Ira withdraws taken in 2024 the total amounts is taxed, the last money put in was over 18 years, I don't see anything to indicate it's a Roth Ira

[NCperson]

@JOE-P - the code in Box 7 is the indicator.  what is the code? how old are you (over 59.5 or under 59.5?)

[VolvoGirl]

Is it showing up on 1040 line 4b as taxable?    If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right. For 1099R check 1040 line 4a/5a and 4b/5b for any taxable amount. If it was a rollover it should say ROLLOVER by the “b” line and 0 taxable.