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marinoassc
Level 1
04-17-2023
11:19 AM
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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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qbteachmt
Level 15
04-17-2023
11:41 AM
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"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?
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Just-Lisa-Now-
Level 15
04-17-2023
11:41 AM
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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
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
