jasdlm Posted March 6, 2015 Report Share Posted March 6, 2015 Client took an early withdrawal from his Roth IRA. The actual earnings on the Roth were substantially less than the full value of the Roth. I have entered the full distribution in box 1, and the earnings in box 2a (taxable amount), but the program is calculating the tax due on the entire distribution. What am I doing wrong? Thanks in advance. Quote Link to comment Share on other sites More sharing options...
Patrick Michael Posted March 6, 2015 Report Share Posted March 6, 2015 Have you tried filing out part III on 8606 to report the basis of the Roth IRA? 3 Quote Link to comment Share on other sites More sharing options...
jasdlm Posted March 6, 2015 Author Report Share Posted March 6, 2015 Brilliant. I'm an idiot, but you rock! Thanks so much. 3 Quote Link to comment Share on other sites More sharing options...
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