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Roth IRA Withdrawals
Hi, when I set up our Roth IRAs back in the early 2000's, the big sell on this type of IRA was that you're using taxed monies to fund the IRA and that all future earnings would not be taxed, as long as the withdrawals are under normal circumstances. Why is there a question now, for the first time, under the 1099-R section, asking about prior Roth contributions ? To tell you the truth, I have no idea. The last contribution I made was maybe in Aug 2011. Are they planning to change the rules and now start taxing earnings from a Roth IRA ? Or am I misreading this whole section ? Thanks.
‎April 15, 2021
2:28 PM