mickrhonda
Level 1
02-02-2021
11:27 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
do i need to show roth basis when taking a roth distribution
Labels
George4Tacks
Level 15
02-02-2021
11:48 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You should be tracking it. Screen 24 > Roth IRA
Answers are easy. Questions are hard!
qbteachmt
Level 15
02-02-2021
12:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"do i need to show roth basis when taking a roth distribution"
Yes, certain distributions require it for computations.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
sjrcpa
Level 15
02-02-2021
12:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you don't it will all show up as taxable, and maybe with a 10% penalty, too.
The more I know the more I don’t know.