jskouberdis
Level 5
03-29-2023
04:22 PM
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This was the only Roth IRA they had and they lost $500 on it. The way I am handling it is
Box 1A - $5500 net amount withdrawn
Box 2A - -0- Because they had a loss
Box 7 - codes J & 8 Early distribution from a Roth & Return of contribution taxable in 2022
Roth Box is checked
On Roth contribution screen I have $6000 contributed line 23
Amount withdrawn before due date of return $6000 line 25
Line 27 - Total Roth Contributions - -0-
I am only asking for reassurance that I entered everything properly.
Thanks for replying