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2024 TurboTax will ask if you made your first Roth IRA contribution before 2020. Answer Yes and TurboTax will treat Form 1099-R code T the same as code Q, a qualified distribution that is not subject to tax or penalty and is not to be reported on Form 8606 Part III.
You will enter that information into the program.
2024 TurboTax will ask if you made your first Roth IRA contribution before 2020. Answer Yes and TurboTax will treat Form 1099-R code T the same as code Q, a qualified distribution that is not subject to tax or penalty and is not to be reported on Form 8606 Part III.
Thank you! Exactly what I needed to know.
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