ira disbursement

[Gary W3]

I had a Roth IRA and I wanted to take a disbursement of some of it.  The company because of the structure of it wanted me to take the money I needed and put it in another Roth until the time that I would need to take the money out.  So I moved the sum to the new Roth IRA and when I needed the money I took it out.  My tax statement from the company makes it look like I took out the sum of money on 2 occasions but does not make the distinction of the first withdrawal was just a move to another Roth IRA.   How do I file this on my taxes and do I have to pay state taxes on the Roth withdrawal? 

[DanaB27]

You can indicate in the follow-up questions that the funds were rolled over into another Roth IRA:

1. Click on "Search" on the top right and type “1099-R” 
2. Click on “Jump to 1099-R”
3. Click "Continue" and enter the information from your 1099-R
4. Answer questions until you get to “Did you roll over all of this $XXXX (Box 1) to another retirement account?”, and pick what applies.

Also, make sure to click continue after you added all Form 1099-R to answer more follow-up questions.

You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. Qualified Distributions will be tax-free. For Nonqualified distributions, the earnings will be taxable.