ajp
Level 7
03-25-2024
05:25 PM
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Client decided he didn't want his Roth anymore and took a full distribution. It was an early distribution, code J. From what I've read, the initial amount put into the Roth should not be taxable, only the gain on it. That gain could also be subject to Early withdrawal penalties.
However, regardless of how I enter this form, ProSeries is putting the full amount as taxable income.
Any tips?
Best Answer Click here
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