My IRA Withdrawal was not a RMD, it was just an ordinary withdrawal, Box 7 code 7 from a regular IRA. It is the first time I have ever taken a withdrawal.
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Click the Continue button on the Your 1099-R Entries page to reach the questions where TurboTax asks for your net basis in traditional IRA contributions and your year-end balance. If you have no basis in nondeductible traditional IRA contributions, the entire gross amount of the distribution is taxable.
Click the Continue button on the Your 1099-R Entries page to reach the questions where TurboTax asks for your net basis in traditional IRA contributions and your year-end balance. If you have no basis in nondeductible traditional IRA contributions, the entire gross amount of the distribution is taxable.
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