Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
marnie-
New Member

Does turbo tax exclude Roth IRA withdrawals from taxable income. If so, where on the form does it show it.

 
1 Best answer

Accepted Solutions
TomK
Expert Alumni

Does turbo tax exclude Roth IRA withdrawals from taxable income. If so, where on the form does it show it.

Yes.  You should receive a 1099-R for any IRA withdrawals.; it will reflect just how much of such withdrawals are tax exempt.

Tax-exempt withdrawals will be shown on your 1040, Line 4a.

View solution in original post

1 Reply
TomK
Expert Alumni

Does turbo tax exclude Roth IRA withdrawals from taxable income. If so, where on the form does it show it.

Yes.  You should receive a 1099-R for any IRA withdrawals.; it will reflect just how much of such withdrawals are tax exempt.

Tax-exempt withdrawals will be shown on your 1040, Line 4a.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v