mickrhonda
Level 1
02-02-2021
11:27 AM
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do i need to show roth basis when taking a roth distribution
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George4Tacks
Level 15
02-02-2021
11:48 AM
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You should be tracking it. Screen 24 > Roth IRA
Here's wishing you many Happy Returns
qbteachmt
Level 15
02-02-2021
12:23 PM
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"do i need to show roth basis when taking a roth distribution"
Yes, certain distributions require it for computations.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
sjrcpa
Level 15
02-02-2021
12:52 PM
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If you don't it will all show up as taxable, and maybe with a 10% penalty, too.
Ex-AllStar