DaveF1006
Employee Tax Expert

Retirement tax questions

This should not be taxable, at least not with Code Q.  Also if you are over 59 1/2, Code T shouldn't apply also because you wouldn't need an exception to avoid the early withdrawal penalty.  Also you have met the five-year holding period.

 

Make sure on the 1099R(R's),you have checked the box that says the IRA/Sep/Simple box is checked on my copy of the 1099R. Also go to tax tools>tools>view tax summary>preview my 1040. Look on the 1040 to see if there are amounts listed on line 4B that reflect your Roth distributions?

 

 

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