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February 26, 2025
Question

Where do i enter my ROTH withdrawal?

  • February 26, 2025
  • 2 replies
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Where do I enter My ROTH withdrawal so it will not be taxed?

    2 replies

    DoninGA
    Employee
    February 26, 2025

    To enter, edit or delete a form 1099-R -

    Click on Federal Taxes (Personal using Home and Business)
    Click on Wages and Income (Personal Income using Home and Business)
    Click on I'll choose what I work on (if shown)
    Scroll down to Retirement Plans and Social Security
    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

     

    Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R


    Online editions -

    On the screen Did you get a 1099-R in 2024? Click on Yes

    On the screen Let's import your tax info Click on Change how I enter my form
    On the screen How do you want to add your 1099‑R? Click on Type it in myself

    On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

    February 26, 2025

    If you are under 59 1/2 please make sure you click continue after entering all your Form 1099-Rs to get to the Roth IRA follow-up questions.  You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. 

     

    1. Click on "Search" on the top and type “1099-R” 
    2. Click on “Jump to 1099-R” and enter all your 1099-Rs
    3. Click "Continue" on the "Review your 1099-R info" screen after you entered all you Form 1099-R
    4. Answer "Owned Any Roth IRA for Five Years?" screen
    5. Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen
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