DaveF1006
Expert Alumni

Retirement tax questions

According to Publication 590-B, " if a distribution was made after the 5-year period beginning with the first tax year for which a contribution was made to a Roth IRA set up for your benefit, the entire distribution is tax free." It is a qualified distribution since the IRA was created 10 years ago.

 

Please review publication 590-B at the following link for further details.

 

[ Edited 12/28/21| 04:00 PM PST]

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