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

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

Question regarding Roth IRA withdrawal in 2025

My 72 yo, retired husband had a Roth IRA which was converted from a regular IRA over 20 years ago.  In 2024, he took out some of the funds for the first time. In 2025, he withdrew the remainder of the ROTH.  
Here's where I'm hitting a problem:
"Was your Roth IRA open on December 31, 2025?" - No (there is nothing left in the Roth)

"Did you open any Roth IRAs in 2024 or any previous year?" - Yes (opened/converted ~ 2001) 
"
Did you withdraw from your Roth IRA before 2025?" - Yes (once in 2024)

"What were your Roth IRA contributions prior to 2025?" - We do not know. Did I choose the wrong answer in prior windows or is there a way to find this answer?
Thank you!
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.

2 Replies
dmertz
Level 15

Question regarding Roth IRA withdrawal in 2025

"What were your Roth IRA contributions prior to 2025?" - We do not know. Did I choose the wrong answer in prior windows or is there a way to find this answer?

 

Because your husband is over age 59½ and you indicated that he had met the 5-year holding requirement for qualified Roth IRA distributions, there is no need for TurboTax to even be asking that question.  It doesn't matter what amount you enter because it has no bearing on determining the taxable amount of the distribution.  Because it is a qualified distribution, it is tax-free and is not to be reported on Form 8606 Part III.

Question regarding Roth IRA withdrawal in 2025

If I choose Continue and leave that question blank, it's followed with:
Did you convert a traditional IRA to a Roth IRA before 2025? - Yes

What years did you convert a traditional IRA to a Roth IRA? - Answered: '2020 and Prior Years'
Report net conversions to your Roth IRAs that were taxable and nontaxable in 2020  - 
Again, another question which I have no answer for.

Note: I see another person facing this same issue and they were told to enter the full distribution amount or more into the box after "What were your Roth IRA contributions prior to 2025?"
https://ttlc.intuit.com/community/retirement/discussion/roth-ira-basis-is-it-needed-if-held-past-5-y...

 

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