Roth Distr.

[grandmabee]

client withdrew 20,000  started Roth in 2007  so 5 year rule applies.

over 59 1/2 and 1099R coded T

I enter his basis on the 8606 which is only 17,000 and it keeps saying 3,000 is taxable which isn't true.

What am I missing on entering to make to work correct in ATX?

Thanks

 

[imjulier]

I'm just guessing becasue I'm not at my desk but maybe check that 1099R has a 0 in the taxable box. 

[Pacun]

Make sure you are selecting Roth IRA, not regular IRA.