DianeW777
Expert Alumni

Retirement tax questions

Since you are 78 years of age, and you are taking distributions from your Roth IRA, it should all be tax free if you help a Roth IRA longer than 5 years.  You should indicate you owned the Roth IRA more than five years when that question comes up.

  1. You should also indicate 'Yes' you had at least one Roth IRA open in 2021
  2. If you had withdrawals before 2021 answer 'Yes'
  3. Your contributions do not count earnings which would have been included in your rollover in 2017 (Roth IRA to Roth IRA).
    • Note: if you have owned a Roth IRA longer than five years and based on your age you are now taking distribution you can include the rollover amount from 2017 since none of your distributions would be taxable (including earnings).

 

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