I am under 59 years old. And I've had this Roth IRA for more than 5 years, transferring money between funds within the Roth IRA during this time. I understand the 10% early withdrawal penalty. The total distribution box show, for example, 10k of which only 3k is earnings. I do not see where to enter the contributions I've made in prior years so I am not taxed the 7k again.
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After entering the information from the 1099-R, you will be able to enter the contributions you made prior to 2019.
To enter this in TurboTax, please follow these steps:
[Edited | 4/14/2020 | 7:50am PDT]
After entering the information from the 1099-R, you will be able to enter the contributions you made prior to 2019.
To enter this in TurboTax, please follow these steps:
[Edited | 4/14/2020 | 7:50am PDT]
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