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Roth IRA partial distribution
I took a distribution from my Roth. I entered the 1099-R with a 7 code. I noticed that the gross distribution and the taxable amount are the same. I had the federal and state income taxes taken out of the distribution as I was 63 and working at the time. Since this is with the other 1099-Rs, does that mean that it will be taxed again? The more I try to look into the topic, the more confused I get.
I hope someone can decipher my confusion. Thanks in advance
‎October 18, 2023
6:35 PM