jskouberdis
Level 4

This was the only Roth IRA they had and they lost $500 on it.  The way I am handling it is

Box 1A - $5500  net amount withdrawn

Box 2A -   -0-    Because they had a loss

Box 7 - codes  J & 8 Early distribution from a Roth & Return of contribution taxable in 2022

Roth Box is checked

On Roth contribution screen I have $6000 contributed line 23

Amount withdrawn before due date of return $6000 line 25

 

Line 27 - Total Roth Contributions - -0-

I am only asking for reassurance that I entered everything properly.

Thanks for replying

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