Roth IRA disbursement

[alexH1]

I closed my Roth IRA with my bank and had all the funds disbursed into my checking account after having  the bank withhold 10% of it. Some of the contributions were from  a direct rollover from a 403B I had with my employer. Some of the contributions were directly deposited from my checking account. I had minimal  earnings. What do I claim on my taxes as an income? 

[KrisD15]

You should have received Form 1099-R for that distribution. 

Enter the 1099-R for that distribution and continue through the interview. 

Tax will be determined on several factors, such as how long you held the Roth account and your age. 

The fact that the funds were put into another bank account is of no consequence, that is not the same as a roll-over. 

[JamesG1]

In what year did you make the distribution? 

If the distribution was in 2024, the Roth IRA distribution will be reported on an IRS form 1099-R.

You will compute any taxable amount within the software.  See this TurboTax Best Answer.

[DawnC]

You should have received a 1099-R for the distribution.   Enter it exactly how you see and answer all of the follow-up questions.  TurboTax will report the correct amounts on your tax return.   Where do I enter a 1099-R?

[alexH1]

yes I did receive a 1099-R for 2024 it says the amount of gross distribution, federal income tax withheld and then 2b is checked off which says "taxable amount not determined".  Also it was an early withdrawal because of my younger age. 

[DawnC]

Go ahead and enter it in TurboTax and answer the follow-up questions.    TurboTax will do the rest!

Where do I enter a 1099-R?

[DawnC]

Go ahead and enter it in TurboTax and answer the follow-up questions.    TurboTax will do the rest!

Where do I enter a 1099-R?