Question
Roth IRA Distributions before 59 1/2
I have a client who withdrew money for a Roth IRA before 59 1/2. So much is considered taken from contributions, which is not taxable or penalized, so much is considered taken from conversations before the 5-year mark, which is not taxable but penalized, and so much is considered taken from earnings, which is taxable and penalized. How to correctly enter this into the program?
