I am 82 years old. About 20 years ago I converted to a Roth IRA. Last year I sold mutual funds in my Roth and withdrew the proceeds ($40,000). My 1099-R indicated it as “Taxable amount not determined”, Distrbution Code “T”. I assumed this withdrawal was nontaxable income. Turbo Tax Included the amount in my taxable income. I cannot seem to follow the reason why.
Is my withdrawal taxable?
