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I am >59.5 yrs old and have had a Roth IRA for >5 yrs. I should be able to w'draw $ tax free. TT is asking Prior Year Contributions". I have no idea, it was long ago

 
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dmertz
Level 15

I am >59.5 yrs old and have had a Roth IRA for >5 yrs. I should be able to w'draw $ tax free. TT is asking Prior Year Contributions". I have no idea, it was long ago

Since the distribution was a qualified distribution, TurboTax doesn't really need to know your Roth IRA contribution and conversion basis.  You can skip those questions.  Just make sure to indicate to TurboTax that you had a Roth IRA before 2014 so that TurboTax will treat any code T Forms 1099-R the same as code Q Forms 1099-R, as qualified distributions that are not reportable on Form 8606 Part III.

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dmertz
Level 15

I am >59.5 yrs old and have had a Roth IRA for >5 yrs. I should be able to w'draw $ tax free. TT is asking Prior Year Contributions". I have no idea, it was long ago

Since the distribution was a qualified distribution, TurboTax doesn't really need to know your Roth IRA contribution and conversion basis.  You can skip those questions.  Just make sure to indicate to TurboTax that you had a Roth IRA before 2014 so that TurboTax will treat any code T Forms 1099-R the same as code Q Forms 1099-R, as qualified distributions that are not reportable on Form 8606 Part III.

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