topic Roth 1099-R in Retirement tax questions

Roth 1099-R

Jan911 — Wed, 05 Mar 2025 15:20:59 GMT

I received a 1099-R for a Roth that is a lifetime annuity. This ROTH was opened in probably 1997-98 when you had the 5 year conversion grace period. I do not believe I have made a contribution since origin. I was 65 in 2024 when I turned on the annuity as I retired from working full time - why is TT asking for my prior year contributions and how do I get past this screen? I don't even have records to know how much my contribution was back then.

Re: Roth 1099-R

DanaB27 — Wed, 05 Mar 2025 16:00:35 GMT

Your Form 1099-R should have code T or Q since this is a Qualified Distribution. You can ignore the question about the net contributions prior to 2024.

Re: Roth 1099-R

Jan911 — Wed, 05 Mar 2025 20:59:33 GMT

It does have a code T which TT asked me to enter. I did ignore the question but stupid it should ask it in the first place if it doesn't apply

Thanks!