topic I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes. in Retirement tax questions

I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes.

dbdill137 — Tue, 10 Feb 2026 10:09:16 GMT

Re: I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes.

DoninGA — Wed, 10 Jan 2024 21:32:30 GMT

What is the code in box 7 of the Form 1099-R you received from the plan administrator for the Roth IRA?

Re: I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes.

dbdill137 — Wed, 10 Jan 2024 21:39:25 GMT

J is in box 7

Re: I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes.

DoninGA — Wed, 10 Jan 2024 21:44:07 GMT

Code J signifies that this was an early distribution from a Roth IRA so the amount withdrawn will be taxable.

The code in box 7 should have been a Q if this was a Qualified Roth IRA distribution so the amount withdrawn would not be taxable.

Re: I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes.

dmertz — Thu, 11 Jan 2024 01:00:51 GMT

Click the Continue button on the page that lists the Forms 1099-R that you have entered. TurboTax will then prompt you to enter your basis in Roth IRA contributions which will reduce the taxable amount of the distribution to zero if your distribution was less than the contribution basis in your Roth IRAs. The taxable amount is calculated on Form 8606 Part III.

Re: I withdrew my contributions from a roth ira. Turbo tax does not allow me to specify that, so it says I owe taxes.

dbdill137 — Thu, 11 Jan 2024 12:12:13 GMT

That was it, I just needed to continue further and add the contributions. Thanks for the help!