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I made the withdrawal from both Roth IRAs at Fidelity. There was a $5K deposit in each in 2007. The result was a distribution of $4885 from one (loss) and $5443 from the other (gain).

So now we're ready for TurboTax. Create 2 1099-R's.

#1: Box 1 $5443, Box 2 $443, Box 7 1, and check the IRA box.

#2: Box 1 $4885, Box 2 $0, Box 7 1, and check the IRA box.

This should give you $443 on line 15b and $44 on line 60 of the 1040.

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