Follow the instructions to report the basis of your nonqualified Roth IRA distributions, for Line 19 of Form 8606 Nondeductible IRAs to calculate properly, and for Line 4b of Form 1040 to show the correct amount as taxable.
To report basis of nonqualified distributions from Form 1099-R in the TaxAct program (if you need help accessing Form 1099-R in the TaxAct program, go to our Form 1099-R - Entering Distributions from Retirement Plans FAQ):
Note. The screen titled Roth IRA Distributions - Basis will only appear if the correct codes were selected. If the screen doesn't appear, go back and make the correct selections.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.