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The 1099-R that reports your withdrawal should have one of these codes in box 7 to indicate the distribution is from a Roth account:
Just make sure to include the box 7 code(s) when entering your 1099-R in TurboTax.
Note: If using the TurboTax CD/Download software, you'll use the Find function and the "Jump to" link (instead of "Tax Tools") to search for the topic.
Some Roth distributions may be partly taxable. For example, if the 5-year holding period for a Roth IRA is not met and there is no known exception, a 10% tax penalty applies. Please see the FAQ below for more information.
The 1099-R that reports your withdrawal should have one of these codes in box 7 to indicate the distribution is from a Roth account:
Just make sure to include the box 7 code(s) when entering your 1099-R in TurboTax.
Note: If using the TurboTax CD/Download software, you'll use the Find function and the "Jump to" link (instead of "Tax Tools") to search for the topic.
Some Roth distributions may be partly taxable. For example, if the 5-year holding period for a Roth IRA is not met and there is no known exception, a 10% tax penalty applies. Please see the FAQ below for more information.
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