3491370
You'll need to sign in or create an account to connect with an expert.
Withdrawals of Roth IRA contributions are not taxable.
You have to indicate this in TurboTax.
In TurboTax Online, after you have entered your form 1099-R, TurboTax will take you back to the summary page titled Your 1099-R Entries.
On that page, click Continue and follow the TurboTax interview until you arrive at the page titled Enter Prior Year Roth IRA Contributions where you can enter the amount of your past contributions.
If you withdraw an amount equal or less than your contributions, it would not be taxed.
Thank you so much. 1099R is showing code J which seems to indicate that I took it out before the 5 year holding period (I disagree with this and I guess I need to revert to Vanguard for correction) - I am just shy of 59.5 so they are considering it an early withdraw. Thank you again.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
starkyfubbs
Level 4
fcp3
Level 3
mijohn
Level 2
meade18
New Member
DoctorJJ
Level 2