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)
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"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.
"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.
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
The same is true about the question regarding conversions. Because distributions are qualified, there is no reason that TurboTax needs to know an accurate answer about Roth conversions. The answers to these questions are only used when Form 8606 Part III is required to be prepared, and once distributions become qualified distributions, Part III is not to be prepared.
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