roth ira contribution withdrawal?

[Guest big_7]

i know you can withdraw your original contribution w/o any penalty or tax consequences.

but how do you document it on the tax return.

what forms do you fill out to say that the distributions reported on the 1099R are the original contributions?

i'm not finding any clues on the irs website,nor is my tax software helping either.

help!!!!!

i'm fustrated.

[Guest mjb]

There is no form. You just dont claim a deduction for the IRA contribution on the 1040 and include the earnings as taxable income and pay the 10% penalty tax if applicable. You will receive a form 1099-R showing amount of withdrawal. See IRS Publication 590, P 44, available at www. IRS. gov. under retirement plans.

[Guest big_7]

There is no form. You just dont claim a deduction for the IRA contribution on the 1040 and include the earnings as taxable income and pay the 10% penalty tax if applicable. You will receive a form 1099-R showing amount of withdrawal. See IRS Publication 590, P 44, available at www. IRS. gov. under retirement plans.

mjb first all

,let me thankyou for responding to my post.

the info i found in the pub 590 says,"you do not include in your gross income distributions that are a return of your regular contribution from your roth ira"

i'll ask this another way.

if the distribution on my 1099r is part of my original contribution,does the irs need to know?

if so, how would i inform them?

problem:

even though the distribution is part of my regular contribution,the 1099r i recieved have them "tagged" as early withdrawal using the code "J" in box 7.

[txdd]

If your question is about a normal Roth IRA withdrawal that is attributable, by ordering rules, to your past Roth contributions, you file Form 8606 to report.

I think mjb's answer is about a withdrawal of a current Roth contribution because you found out you over-contributed.