Taxpayer withdrew funds from Roth IRA for a first time home purchase. Gross distribution was $7500 of which $7000 was the contributed amount and $500 was earnings. 1099-R has no amount in box 2a "Taxable Amount." Where would I enter the Earnings portion in order to be taxed? The account is less than 5 years old.
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Try entering the Roth IRA basis on the IRA Info Wks.
"The account is less than 5 years old."
That's not the rule. The rule is "any Roth IRA account." Not just that specific one. If they have another which qualifies, this distribution would fall under that provision.
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