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colosteve
Returning Member

How do I make my Qualified Roth Distribution non taxable?

My imported Scwab Electronic 1099R for a Qualified $20K distribution is being treated as taxable income when it should not.  How do I correct?
1 Reply
DanaB27
Expert Alumni

How do I make my Qualified Roth Distribution non taxable?

What is the code in box 7? To verify, is the distribution showing on line 4b of Form 1040 as taxable?

 

Please answer the follow-up questions after you entered your Form 1099-R:

 

  1. Click on "Search" on the top and type “1099-R” 
  2. Click on “Jump to 1099-R” and enter all your 1099-Rs
  3. Click "Continue" on the "Review your 1099-R info" screen
  4. Answer all the questions and make sure you enter the net contributions prior to 2021 on the "Enter Prior Year Roth IRA Contributions" screen
  5. Answer the remaining question.

 

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