dmertz
Level 15

Retirement tax questions


@VolvoGirl wrote:

@dmertz  why do the Instructions say the check box is only for Traditional IRA and not ROTH?  


A code J, T or Q in box 7 identifies the distribution as a Roth IRA distribution without the need to mark the IRA/SEP/SIMPLE box.  The IRA/SEP/SIMPLE box is needed only to distinguish between IRA and non-IRA traditional retirement accounts.