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All you have to do is enter your Form 1099-R into TurboTax, the program will take care of the rest. Your form 1099-R has actually more information than just gross distribution. It also has a code in box 7 and it should have a box checked indicating that the distribution is an IRA. Once you enter the form (exactly as it appears) you will be asked additional questions about the IRA, such as your nondeductible contributions (basis) to your Roth. Once those follow up questions are answered, your Roth distribution will show as nontaxable income on the tax return.
All you have to do is enter your Form 1099-R into TurboTax, the program will take care of the rest. Your form 1099-R has actually more information than just gross distribution. It also has a code in box 7 and it should have a box checked indicating that the distribution is an IRA. Once you enter the form (exactly as it appears) you will be asked additional questions about the IRA, such as your nondeductible contributions (basis) to your Roth. Once those follow up questions are answered, your Roth distribution will show as nontaxable income on the tax return.
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