Hi. I am on this screen in turbo-see above subject line. Here's my question.
And I do realize this could be a simple add/subtract which will be embarrassing but my eyeballs are falling out from all this.
This year I received a 1099-R for first time because I withdrew 3100 (FYI box 1-Gross Distributions, also on the form in box 2b there is an X and in Box 7 there is a T. There's also a state/payer's state no in box 15.)
This is first distribution (withdrawal) I have ever taken - I am 63 and have had account for over a decade. (FYI before this screen in TT: I imported the 1099R form from my fin inst. and input my contributions, including the transfer I made yesterday for the year 2024, to put in the maximum, and I did not go over. I am not sure this info is relevant.)
Anyway it is asking me to "Report your net regular contributions prior to 2024" (and yes I have studied the Learn More box and am utterly confused. Why I am here).
I have no conversions.
Then the box to enter the amount is, "Roth IRA Contributions prior to 2024."
OK, so, is this a simple "find the total somewhere" and subtract amount from Gross Dist. Box 1 from it, and enter total in the box? If yes, which figure? Total amount including all interest? Or total of contributions only? (doesn't make much sense but thought I'd ask as well), and how to find? Does that mean to find the ending balance of 2023 on my year-end fin inst statement? Enter that and subtract my gross distribution? That would be great if it is that simple.
Am I even on the right track here? I so want to finish up just this screen!! and then eat some lunch.
Thank you very much in advance.
