TaxGuyBill
Level 15
01-17-2023
06:53 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@10409000 wrote:
box 5 shows 4,995 designated roth contributions..
That means there is AT LEAST $4995 in Basis. That means the $4995 is not taxable.
I don't remember if Box 5 automatically triggers the program to make it non-taxable, or if you need to scroll down on the 1099-R worksheet and enter the Basis on by hitting the "Quickzoom" for the Basis.
