i took a withdraw from Roth IRA and it should be not taxable. Having a hard time figuring out how to load in turbo tax

Forum|Forum|1 year ago
February 22, 2025
1 reply
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took only contributions

DawnC

Employee

You should have received a 1099-R if you received a distribution from a retirement account. Use the instructions in the link below. The taxability of your form depends on the type of plan it is and the code in Box 7. Enter your 1099-R exactly as it appears. Then, carefully answer the follow-up questions.

With plans such as Roth IRAs, the income was already taxed during contribution, so it won't be taxed now.

Where do I enter a 1099-R?

Contributions are entered in the Deductions & Credits section

Distributions (1099-R) are entered in the Wages & Income section

How does a 1099-R affect my taxes?

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