Djscoe1
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		04-05-2024
	
		
		02:23 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
A client, age 40, has been contributing to a Roth for 21 years. He has made contributions over the years totaling $26k. He recently withdrew $34K which would be the original contributions plus earnings. The original contributions are not taxable but the earnings ($8k) are. The 1099-R shows the Gross Distribution of $34k, blank Taxable and Code J.
What is the proper way of inputting it so only the earnings are taxable? The distribution is not qualified.
Best Answer Click here
		
			
				
						
							Labels
						
						
		
	
					
			
		
	
	
	
	
				
		
			
		
			
					
			
		
				
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		04-05-2024
	
		
		02:31 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
You need to input his basis, scroll down the 1099R worksheet, you should find a button to take you to the ROTH worksheet
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
			
		
			
	
	
			
				
		
		
			Djscoe1
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		04-05-2024
	
		
		02:40 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
Thank you. That did it.
			
		
			
	
	
			
				
		
		
			chenschuh
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 3
		
	
				
		
	
		
			
    
	
		
		
		04-06-2024
	
		
		09:52 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
Can you show me what you did on 1099 R worksheet?