turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I dont know where to put in that i withdrew my roth ira, my 1099r form is only showing the gross distribution

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MargaretL
Expert Alumni

I dont know where to put in that i withdrew my roth ira, my 1099r form is only showing the gross distribution

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. 

  1. Federal Taxes
  2. Wages and Income
  3. Scroll down to Retirement Plans and Social Security
  4. Select IRA, 401(k), Pension Plans (1099-R)

 

View solution in original post

1 Reply
MargaretL
Expert Alumni

I dont know where to put in that i withdrew my roth ira, my 1099r form is only showing the gross distribution

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. 

  1. Federal Taxes
  2. Wages and Income
  3. Scroll down to Retirement Plans and Social Security
  4. Select IRA, 401(k), Pension Plans (1099-R)

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question