topic I have a distribution from my Roth IRA entirely from my own contributions. It looks like the program is making it taxable? But it shouldn't be, right? in Retirement tax questions

I have a distribution from my Roth IRA entirely from my own contributions. It looks like the program is making it taxable? But it shouldn't be, right?

hodgesbm — Thu, 06 Jun 2019 15:42:59 GMT

If you have owned that Roth IRA for more than 5 years and...

MinhT — Thu, 06 Jun 2019 15:43:00 GMT

If you have owned that Roth IRA for more than 5 years and distributions are less than your prior contributions, the distribution is not taxable. Make sure that you indicate that you owned the Roth IRA for more than 5 years. And also enter your prior contributions in the TurboTax interview (see attached screenshot).

You can then preview your 1040. To do this, click on Tax Tools in the left-hand column. On the Tax tools page, click on View Tax Summary. Then click on Preview 1040 in the left-hand column. You should find the amount of your distribution on line 15a. Taxable amount on line 15b should be 0.

Thank you! I didn't know how to preview the 1040, and it...

hodgesbm — Thu, 06 Jun 2019 15:43:02 GMT

Thank you! I didn't know how to preview the 1040, and it does show line 15b as 0. The wages/income page made me think it was taxable. Thanks for the quick response!