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Retirement tax questions
Yes it makes sense because if your distributions exceed then this excess can be construed as earnings. Earnings are taxable income if not a qualified distribution. The main qualifier is that you own that Roth at least five-years otherwise known as the five-year holding period.
In your case, it sounds like you have owned your Roth more than five years thus you should not be taxed on additional earnings. I would suggest however you obtain a ballpark figure of all your contributions you made while you contributed to the plan so we can make Turbo Tax happy just so you don't receive these confusing messages.
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‎February 16, 2021
1:03 PM