You'll need to sign in or create an account to connect with an expert.
I'm guessing that you are answering questions related to the Retirement Savings Contributions Credit. Any amounts distributed from your Roth IRA from January 1, 2014 through the due date of your 2016 tax return, taxable or not, reduce the amount of new retirement contributions that are considered when calculating your 2016 Retirement Savings Contributions Credit. You must enter the amount, otherwise your tax return might end up claiming a tax credit for which you are not eligible.
I'm guessing that you are answering questions related to the Retirement Savings Contributions Credit. Any amounts distributed from your Roth IRA from January 1, 2014 through the due date of your 2016 tax return, taxable or not, reduce the amount of new retirement contributions that are considered when calculating your 2016 Retirement Savings Contributions Credit. You must enter the amount, otherwise your tax return might end up claiming a tax credit for which you are not eligible.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
raystuff1
New Member
ualdriver
Level 3
bfordmn
Returning Member
MojoMom777
Level 3
cathykazhome-cox
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.