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Retirement tax questions
A distribution from a Roth 401(k) is a proportionate mix of nontaxable contributions and taxable gains. If you are an individual qualified to receive a Coronavirus-Related Distribution, the taxable income can optionally be spread over 3 years and is exempt from any early-distribution penalty. Otherwise the taxable amount of the distribution is subject to income tax and, unless a regular exception applies, to an early-distribution penalty.
‎July 8, 2020
1:48 PM