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Returning Member
posted Mar 9, 2024 10:42:16 AM

1099R Early distribution

Invested $1900 into Roth 401K.  Took an early distribution for $2200.  When entering by itself TurboTax calculates penalty correctly on the $300 gain.

I also did a backdoor roth that accrued $7 interest.  When I enter the backdoor roth  it eliminates my penalty tax on the early withdrawal calculation.  I’m only taxed on the $7.

 

how do I correct?  

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