RobertB4444
Expert Alumni

Retirement tax questions

Code T means that Morgan Stanley didn't know if the Roth IRA had been held for 5 years yet in which case it qualifies for tax free treatment.  You need to tell TurboTax you had the account for more than five years when it asks or you can get Morgan Stanley to issue you a corrected 1099-R with code Q.  Or it may be taxable.

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