I am not sure what boxes to check and how to characterize distributions from my traditional IRA in the IRA section of Turbo Tax. All my contributions were with after tax dollars. How do I properly report/list these distributions since all contributions were with after tax dollars.
Thanks,
[email address removed]
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After you enter your 1099-R, you will reach a screen Any Nondeductible Contributions to your IRA? Click Yes, then enter your basis (nondeductible contributions) as of 12/31/2016 and the value of all of your accounts as of 12/31/2017.
After you enter your 1099-R, you will reach a screen Any Nondeductible Contributions to your IRA? Click Yes, then enter your basis (nondeductible contributions) as of 12/31/2016 and the value of all of your accounts as of 12/31/2017.
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