I withdrew from my Roth IRA early. I entered in my information from my 1099-R form from my bank. I’ve had the account for more then 5 years and now TurboTax is asking:
“Enter Prior Year Roth IRA Contributions.
Confirm your net regular contributions prior to 2024 that remain in your Roth IRA.”
Then there is a spot asking for “Roth IRA Contributions prior to 2024”
Do I put in there the total contributions I’ve made to my Roth IRA since opening it? Or do I put in the amount that I have remaining in my Roth IRA?
Also, it tells me that I have to pay in $2,000 which is 10% of the amount I took but on my 1099-R form it shows that there was already federal tax withheld, so why am I still needing to pay in if taxes were already withheld?