topic Re: Roth IRA Contribution Withdrawl in Retirement tax questions

Roth IRA Contribution Withdrawl

SenorShaun — Mon, 09 Mar 2026 07:13:46 GMT

Pretty simple situation. I opened a Roth IRA a little over 4 years ago, andI have contributed around 10k to it.. I haven't taken any withdrawals in the past, I haven't over contributed. This last year I withdrew 100% of my contributions up to that point. No earnings. I know this because literally went through that activity and added up each and every contribution to know the exact amount. My brokerage sent the 1099-R with the 'taxable amount not determined' box checked and code J in Box 7. I talked to the brokerage and their answer makes sense to me. Its technically not a qualified distribution, as I am under 59 1/2, and the withdrawl wasn't for one of the allowed uses. That is all they look at to determine J. However its also not taxable because it was contributions only, hence Box 2a being checked. They said they tax filing of the form is not up to them. Again, this makes sense to me. However I cannot find a way on TurboTax to state that these were contributions. The basis of contributions at the END of 2021 (as asked) is $0.

Does anyone know how I can specify the basis at the BEGINNING of 2021, so it can determine that the 1099-R funds should not be taxed again?

Thanks

Re: Roth IRA Contribution Withdrawl

DanaB27 — Thu, 24 Mar 2022 12:47:50 GMT

Please follow these steps to enter your net contribution prior to 2021 (contributions minus withdrawals):

Click on "Search" on the top and type “1099-R”
Click on “Jump to 1099-R” and enter all your 1099-Rs
Click "Continue" on the "Review your 1099-R info" screen
Answer all the follow-up questions and make sure you enter the net contributions prior to 2021 when you get to the "Enter Prior Year Roth IRA Contributions" screen
Answer the remaining question.

Re: Roth IRA Contribution Withdrawl

SenorShaun — Thu, 24 Mar 2022 12:52:34 GMT

That section asks to enter 'net regular contributions prior to 2021 that remain in Shaun's Roth IRA'. Is that at the end of the 2021? if so, the answer is 0. I took all of the net regular contributions out. or is that at the end of 2020?

Re: Roth IRA Contribution Withdrawl

dmertz — Thu, 24 Mar 2022 13:00:36 GMT

Click the Continue button on the page that lists the Forms 1099-R that you have entered. 2021 TurboTax then will ask you to enter the amount of your contributions made for years prior to 2021. The question is being asked with respect to the beginning of 2021, not the end of 2021.

Re: Roth IRA Contribution Withdrawl

SenorShaun — Thu, 24 Mar 2022 13:10:55 GMT

Got it. Thank you