What do I put in the "Enter Prior Year Roth IRA Contributions" screen?

[Adam10]

My wife previously contributed $17,000 to a Roth IRA. In 2017, we withdrew $10,000 early. What do I put in the "Enter Prior Year Roth IRA Contributions" screen? I initially thought I would put $17,000; however, the example indicates I should enter $7,000. If I enter $7,000, then TurboTax would only think $7,000 was ever contributed, right?

[dmertz · Accepted solution]

Only reduce the $17,000 contributed prior to 2017 for any withdrawals made prior to 2017.  If she made no withdrawals prior to 2017, enter $17,000.

(I assume that the $17,000 was all from contributions made for years prior to 2017 and does not include any contributions made for 2017.  Any contribution for 2017 would be entered separately under Deductions & Credits.)

[Adam10]

Thank you much! The $17,000 in contributions were made from 2009 through 2012 and she had never made a withdrawal before the $10,000 in 2017. I will enter the $17,000 in the field.

[candcane74byars]

1309.89