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03-22-2023
05:41 PM
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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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