I received a Form 1099-R showing a distribution from my Roth IRA, with taxable amount not determined box checked. Do I need to enter this into TurboTax somehow?

[griffitm]

I am 73 years old.  I took a distribution from my Roth IRA at Fidelity which I've had over 5 years.  Fidelity sent me a Form 1099-R with an amount in box 1 and no amount in box 2a.  box 2b "Taxable amount not determined" was checked.  It says the distribution was reported to the IRS..  Do I need to enter this information into TurboTax and if so, how?

[Tonita · Accepted solution]

You should leave Box 2a empty, and then answer the rest of the questions. The program will calculate the taxable amount.

[cptbrianmorgan]

And overpay....?  If it's a ROTH IRA, distributions from principal contributions are tax-free.  The program will not tell the difference between a ROTH IRA or a traditional IRA.  A form 8606 should be included.  Often time, members are (unfortunately) responsible for doing the math on their 5948's themselves, and accurately describing the principal amount vs the taxable investment portion of any distribution.