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New Member
posted Jun 4, 2019 2:43:38 PM

I received a 1099-r for my roth ira - do I need to submit it or is it just for my files?

I received a 1099-r for my roth ira - but I am confused on whether I should be submitting it, as a roth ira is already after taxes and I already paid the penalty from the bank from withdrawing early.  Do I need to still submit it on my taxes or is it just paperwork for my files?

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New Member
Jun 4, 2019 2:43:39 PM

Yes, you would need to enter this information

To enter a form 1099-R

 
  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
And then you would keep the copy for your Records