After you enter your 1099-R for your Roth IRA distribution, you will be asked a series of questions by the program. Your answers to these questions will determine how, if any of your distribution is taxable. Among the questions you will be asked are: Was this distribution from a Roth IRA? Owned Any Roth IRA for Five Years? Enter Prior Year Roth IRA Contributions. Enter all Roth Contributions prior to 2024. There are a number of other questions that may impact how much of your distribution is taxable, those above are key.

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bruce4799

Question

I have a 1099-R for a Roth account I cashed in. I'm being charged by Turbo Tax for the gross distribution not the taxable amount. How do I fix that

Forum|Forum|1 year ago
February 17, 2025
1 reply
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DavidD66

After you enter your 1099-R for your Roth IRA distribution, you will be asked a series of questions by the program. Your answers to these questions will determine how, if any of your distribution is taxable. Among the questions you will be asked are:

Was this distribution from a Roth IRA?
Owned Any Roth IRA for Five Years?
Enter Prior Year Roth IRA Contributions. Enter all Roth Contributions prior to 2024.

There are a number of other questions that may impact how much of your distribution is taxable, those above are key.

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