Roth withdrawal used for adoption expenses

Forum|Forum|5 years ago
March 11, 2021
1 reply
4 views

Client is 38. He withdrew $21k (and closed the account).

The 1099 indicates Code J, Early withdrawal.
He believes he started the Roth 5 years ago but he can not find his initial documents.
The money was to pay for the Adoption fees in 2020.
Where do I indicate that $5,000 was an adoption fee exception to the taxability of the withdrawal?

ProSeries Basic

This topic has been closed for replies.

IntuitCharlene

Community Manager

If you open the 5329-T there is a Distributions Not Subject to Additional Tax Smart Worksheet. Line L can be used for any other expenses that are listed in the instructions for Form 5329.

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