How and where do I correctly update my TurboTax info to show that I am only withdrawing my Roth IRA Contributions, not earnings?

[lehnen-eric]

I contributed $3500 to my Roth IRA for the last 5 years and I withdrew all $3500 contributions. I should not have to pay taxes on contributions. How do I correctly indicate this in my return? This is for 2024 tax year.

On the "Did you use your IRA to pay for any of these expenses?" screen, should I entered $3500 in the "Another reason (not medical expenses - we'll cover that later)" box? Is this sufficient to not pay taxes on withdrawing from Roth IRA contributions? I didn't withdraw for any reason other than I wanted to use the money for savings.

Lastly, in the Credits & Deductions tab, should I enter contributions for 2024 if I withdrew them?

[lehnen-eric]

Updated my original question.

[MindyB]

Yes, you are correct. ‌You should not have to pay taxes on the withdrawal of Roth contributions.

You should have received a 1099-R. ‌Here is how to report it in TurboTax Online:

1. Go to Wages & Income.
2. On the Your income and expenses screen, locate and select the Retirement Plans and Social Security section, then select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
3. Answer Yes to Did you get a 1099-R in 2024?, then Continue.
4. Select how you want to enter your 1099-R (import or choose Change how I enter my form to either upload it or type it in yourself) and follow the instructions. 
5. Answer the questions on the following screens, until you reach Enter Prior Year Roth IRA Contributions. Here, enter all the amounts you contributed prior to 2024.

Yes, also enter the 2024 Roth contributions in Credits and Deductions.  TurboTax will add the 2024 contributions with the prior year Roth IRA contributions you added in step 5 above to determine your total contributions.