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Roth IRA Distribution

Level 1

Can I get help with reporting the principal ditribution from a Roth IRA that should be non-taxable.  However the individual is under 591/2 and ditribution code on the 1099R was "J"

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2 Comments 2
Level 15

"reporting the principal ditribution"

There is no such thing as Principal. Perhaps what you are trying to do is show, per the ordering rules in a Roth, that this taking is Contributions? Have you filled in the 1099-R worksheet to show there is basis (their contributions), and are you sure they are not taking more than this?

"Level Up" is a gaming function, not a real life function.
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Level 15
Level 15

You need to input the ROTH basis, should be a button on the 1099R worksheet for that....scroll down near the bottom of page 1

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