Thank you so much for remembering me. I had to ask the moderators to open up this question to the Tax field. Unfortunately, since I'm not an expert in the Finance dep't, I am not able to see those questions, even if I'm online.
So a huge thank you to you for your patience.
Lane did give you good information, and I'm sure that much of what I say will be a repeat of his answer. However, when answering questions here, it's difficult to come in the middle of someone else's answer, so please be patient for the repeat answers.
Lane was right in that you need to file a Form 1040X to correct the error (paying tax on your Roth distributions) in 2013,)
Here's the rules for Roth distributions:
First, you may ALWAYS take back your contribution to a Roth IRA tax free and penalty free.
However, whether or not the EARNINGS on your Roth IRA are tax free and /or penalty free depends on the amount of time that the money was invested in the Roth and your age.
1-if you're under the age 59 1/2, even if you opened your Roth IRA more than 5 years ago, you will pay a 10% penalty on the earnings
2-if you're age 59 1/2 or older, and your Roth IRA has not been open at least 5 years, you will pay a 10% penalty on the earnings.
3-If you're age 59 1/2 or older, AND your Roth IRA has been open at least 5 years, then there is NO penalty.
Please see below:
Ok, once you determine how much, if any, tax and penalty you should have paid on the Roth distributions, I'm sure you're next question is, how do I fill out the 1040X form.
You can't amend the tax return unless you know what that tax return said. The transcript will help you re-create your tax return if you did it yourself, or know how to do fill in your 1040.
So at this point, I need to know if you can recreate your return from the transcript, and if you know what your bot***** *****ne figure was (the $ amount you paid to the IRS), or if the information above was all of the information you needed in order to fill out the 1040X Form
I will be on & off of this website today, or if it's better for you, we can chat 12/27, (or later, depending on your schedule.)
Again, I truly appreciate your patience, and Merry Christmas Eve!