lsasso
Level 1
12-17-2025
11:57 AM
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I have a client who withdrew money for a Roth IRA before 59 1/2. So much is considered taken from contributions, which is not taxable or penalized, so much is considered taken from conversations before the 5-year mark, which is not taxable but penalized, and so much is considered taken from earnings, which is taxable and penalized. How to correctly enter this into the program?
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Employee
12-18-2025
09:37 AM
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This article will give you instructions on how to enter 1099-Rs into the system depending on the codes reported. If you need further assistance, please give us a call at ProConnect support.