The distribution from the Roth IRA will be entered in Part III of Form 8606. Form 5329 Part I will be used to calculate the 10% early withdrawal penalty since you are under 59 1/2 and enter the exception code if you meet the first time homebuyer requirements (up to $10,000).
You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. Please make sure you enter your net contributions when TurboTax asks.
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Click "Continue" and enter the information from your 1099-R
- Answer the Roth follow-up questions