Why when I withdraw IRA Roth contribution + earnings, does the error check keep failing because it tells me I should only withdraw the contribution amount?

jiujitsu07731 · ‎June 5, 2019

the error check in turbotax keeps reporting an error when i report a withdrawal of IRA Roth contribution greater than the contribution amount? The instructions say to withdraw contribution plus its earnings. Why isn't there a way to indicate that this amount is correct and stop the application for reporting this as an error?

dmertz · ‎June 5, 2019

Enter the unadjusted amount returned, not the adjusted amount distributed. The amount you enter as the amount returned must not include the earnings.

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macuser_22 · ‎June 5, 2019

Are you entering this in the IRA contribution interview or do you have a 1099-R?

What code in box 7 on the 1099-R?
\What is in box 2a?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

jiujitsu07731 · ‎June 5, 2019

interview

macuser_22 · ‎June 5, 2019

See dmertz's answer below.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

dmertz · ‎June 5, 2019

Enter the unadjusted amount returned, not the adjusted amount distributed. The amount you enter as the amount returned must not include the earnings.

Why when I withdraw IRA Roth contribution + earnings, does the error check keep failing because it tells me I should only withdraw the contribution amount?