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Get your taxes done using TurboTax
Codes 4 and B do not apply to Roth IRAs, only to designated Roth accounts in a qualified retirement plan like a 401(k). The distribution from an inherited Roth IRA will have code T or code Q and will only be taxable if the distribution is a nonqualified distribution and includes earnings. Earnings come out last.
March 15, 2022
2:16 PM