Roth Distribution and Form 8606 help

xypeix · ‎February 14, 2020

Hi, I took out a distribution from my Roth IRA in 2019, which I have contributed to for over 5 years. On my 1099-R, it is reported as full income, which is incorrect (to my understanding, I can withdraw up to the amount I have contributed over the years, tax free)

After some reading, I am told that I need to file Form 8606. However, it is not being auto-generated for me. I looked at the FAQ and there is no question/part in Turbotax that says "When you reach the screen Any nondeductible contributions to [taxpayer's] IRA? answer Yes, then continue. We'll generate and fill out the 8606 behind the scenes."

Any help? Thanks.

MaryK4 · ‎February 14, 2020

You must first enter the 1099-R as you have it (make sure all boxes (IRA) is checked and the correct code for Box 7). Then you must keep going through the TurboTax questions- there will be several regarding rollovers and disaster area distributions... just keep going until you see

then you can enter the correct amounts and create the 8606 needed to exclude the contributions.

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