Question

1099-R ROTH IRA - trying to enter the 1099R info of the Roth Ira withdraws taken in 2024 the total amounts is taxed, the last money put in was over 18 years, i dn't see any thing to indicate its a Roth ira

Forum|Forum|1 year ago
March 23, 2025
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1099-R ROTH IRA - trying to enter the 1099R info of the Roth Ira withdraws taken in 2024 the total amounts is taxed, the last money put in was over 18 years, I don't see anything to indicate it's a Roth Ira

N

NCPERSON1

@JOE-P - the code in Box 7 is the indicator. what is the code? how old are you (over 59.5 or under 59.5?)

VolvoGirl

Is it showing up on 1040 line 4b as taxable? If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right. For 1099R check 1040 line 4a/5a and 4b/5b for any taxable amount. If it was a rollover it should say ROLLOVER by the “b” line and 0 taxable.