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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?

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?

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Accepted Solutions
dmertz
Level 15

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?

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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4 Replies

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?

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.**

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?

interview

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?

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
Level 15

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?

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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