@lpayton8178 wrote:
The Roth IRA opened in 2012 was with American Funds. I believe the rule is that if you had any Roth IRA older than 5 years, a distribution from any other Roth IRA will still qualify for no taxes due. How do I enter this in Turbotax?
Are you over age 59 1/2?
What code is in box 7?
If under age 59 1/2 then any earnings distributed are taxable and subject to an early distribution penalty.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
